EA Completes Deal to be Acquired by Saudi Arabia’s PIF and its Partners for $55 Billion
Electronic Arts has officially been acquired by a consortium including Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners for $55 billion, taking the company private. CEO Andrew Wilson stated the new ownership will invest in next-generation games and experiences. The Public Investment Fund now holds a 93.4 percent stake in the company.
- Entities
- Company: Electronic Arts
- Person: Turqi Alnowaiser
- Person: Egon Durban
- Topic: Artificial Intelligence
- Company: Affinity Partners
- Company: Silver Lake
- Topic: Mergers and Acquisitions
- Person: Andrew Wilson
- Company: Public Investment Fund
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