EA Shareholders to Receive $210 Per Share in Exciting Privatization Deal
Headline: EA’s $55 Billion Acquisition by Saudi Arabia’s Public Investment Fund and Partners Sets Financial Milestone
Electronic Arts (EA), the renowned video game publisher, has announced a landmark acquisition deal with the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners. The all-cash transaction is valued at a staggering $55 billion, marking a significant move in the gaming and financial sectors.
EA’s Shareholders to Receive Premium for Stock
As part of the agreement, shareholders will receive $210 per share in cash. Trading was halted as EA’s stock experienced a premarket surge of about 6%. The stock had already climbed roughly 15% on Friday, closing at $193.35, following reports by the Wall Street Journal that hinted at the company’s potential transition to a private entity.
Key Figures in the Acquisition
Jared Kushner, CEO of Affinity Partners and son-in-law to former President Donald Trump, praised EA for its innovative approach. In an official statement, Kushner expressed admiration for EA’s ability to craft iconic and enduring gaming experiences, noting his personal connection to the games.
The Impact of EA’s Acquisition on the Gaming Industry
The acquisition involves a leveraged buyout of EA, known for game series such as “Battlefield,” “The Sims,” and the “Madden NFL” franchise. The deal is poised to be the largest of its kind in Wall Street history. Additionally, the Public Investment Fund is converting its existing 9.9% stake in the company to further solidify its position.
| Key Details | Information |
|---|---|
| Acquisition Value | $55 billion |
| Shareholder Offer | $210 per share |
| Pre-acquisition Stock Performance | 6% premarket rise, 15% increase on Friday |
| Major Games | Battlefield, The Sims, Madden NFL |
This is developing news. Stay tuned to Emegypt for further updates on this groundbreaking transaction in the gaming world.
