EA acquired by Saudi Arabian investment fund and others for $55 billion — largest ever buyout of a public company

Gaming giant EA has been acquired by a consortium including Saudi Arabia's PIF, Silver Lake, and Affinity Partners for $55 billion, marking the largest buyout of a public company. The deal involves the consortium acquiring 100% of EA, with shareholders receiving $210 per share, a 25% premium. EA highlights the buyer's group's expertise in gaming, entertainment, and sports, offering growth opportunities. EA's CEO expresses excitement about future innovations, while the Saudi PIF emphasizes its position in the global gaming sector. EA, known for popular franchises like Madden, FIFA, and Battlefield, is gearing up for the release of Battlefield 6 and testing its Skate franchise.