Electronic Arts completes $55bn acquisition; CEO announces senior leadership changes
Electronic Arts has completed its $55 billion leveraged buyout, with Saudi Arabia's Public Investment Fund now the majority owner. As EA becomes a private company, stockholders will receive $210 per share. CEO Andrew Wilson announced senior leadership changes, appointing Cam Weber as chief studios officer and David Tinson as COO and company presidents.
- Entities
- Company: Electronic Arts
- Person: Turqi Alnowaiser
- Person: Egon Durban
- Person: Joshua Kushner
- Company: Affinity Partners
- Person: David Tinson
- Company: Silver Lake
- Topic: Company Leadership
- Topic: Mergers and Acquisitions
- Person: Cam Weber
- Person: Andrew Wilson
- Company: Public Investment Fund
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