It’s official – EA is being acquired for $55 billion

Over the weekend, reports claimed that a group of investors were in ‘advanced talks' to acquire EA in a deal worth roughly $50 billion. Now, EA has confirmed this to be true, with plans to sell to a consortium of investors for $55 billion. 

As previously reported, Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners will all be taking a piece of EA. The terms of the agreement state that the three investment funds will acquire 100% of EA shares at a price of $210 per share, a 25% premium over the company's usual share price.

Once the deal closes, EA will cease to be a publicly traded company and will instead be private, meaning no more public earnings reports. In a press release announcing the deal, EA states that the three investment funds hold “deep sector experience, committed capital and global portfolios with networks across gaming”.

In an additional statement, EA CEO, Andrew Wilson, said: “Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work”.

EA has been looking for new ownership for quite some time. Previously, the company had reportedly been in talks to join the Disney group, but that never materialised.

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KitGuru Says: This deal does not bode well for any of EA's single-player studios. Bioware has very minimal multiplayer game experience and its typical titles are not exactly microtransaction-friendly. The same goes for the Star Wars Jedi games, although Respawn at least has Apex Legends to fall back on. 

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