Electronic Arts’ buyout is complete: the company announced on August 4, 2026, that a consortium led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake and Affinity Partners had closed its acquisition. The formal agreement announced approximately $55 billion in enterprise value—not the earlier “near $50 billion” framing—and set cash consideration at $210 per share. EA’s stock has ceased trading and is to be delisted from Nasdaq.
What happened to EA, and when did the deal close?
EA announced the completed acquisition on August 4, 2026. Stockholders had approved the transaction at a special meeting on December 22, 2025. With the close, EA said its common stock ceased trading and would be delisted from Nasdaq. The company’s completion announcement is the current source for the deal’s status: EA’s completion announcement.
The deal began as a definitive agreement announced on September 29, 2025. At that time, the agreement remained subject to stockholder and regulatory approvals and other customary closing conditions, as described in EA’s SEC-filed agreement announcement and EA’s proxy materials. Those were proposal-stage conditions; they are no longer a reason to describe the transaction as pending.
Why is the deal called both a $50 billion and a $55 billion buyout?
EA’s definitive agreement announcement described approximately $55 billion in enterprise value. “Near $50 billion” is an earlier, rough description; it is not the formal valuation stated in the agreement announcement. Enterprise value is a transaction-level measure and should not be confused with the cash paid for each share.
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EA said stockholders would receive $210 in cash for each share held at closing. When it announced the agreement, EA described that price as a 25% premium to its unaffected September 25, 2025 closing price of $168.32. That comparison is anchored to that specific date and is not a statement about the stock’s value at closing.
| Figure | What it means |
|---|---|
| Approximately $55 billion | Enterprise value stated in EA’s September 29, 2025 definitive-agreement announcement. |
| $210 per share | Cash consideration per share; the completion announcement confirmed payment for shares held at closing. |
| 25% premium to $168.32 | EA’s comparison of the $210 offer with its unaffected September 25, 2025 closing price. |
Sources: EA’s agreement announcement and EA’s completion announcement.
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Who bought Electronic Arts?
The buyer was a consortium comprising the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners. Affinity Partners was founded by Jared Kushner, who was identified in the completion announcement as the firm’s chief executive. The transaction was not presented as a purchase by Kushner personally.
EA’s completion release described PIF as an existing investor for more than five years, attributing that duration to Turqi Alnowaiser, PIF Deputy Governor and Head of International Investments. It also described Silver Lake as having approximately $114 billion in combined assets under management and committed capital, and Affinity Partners as having over $6 billion under management. Those are descriptions of the firms’ broader scale, not the amounts each invested in EA.
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- Standard Edition for Xbox Series X (disc) includes the full EA SPORTS College Football 27 game. Not compatible with Xbox One.
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- MASCOT MASHUP – Play as your favorite mascot, collect 120+ icons, and compete in wild 11-on-11 matchups full of school spirit.
How was the acquisition financed?
EA described approximately $36 billion in equity investment, including PIF’s rollover of its existing stake, and $20 billion in debt financing committed by JPMorgan Chase Bank. Of the debt financing, $18 billion was expected to be funded at closing. These are the company’s announced financing figures, with their respective qualifiers; they are not an exact arithmetic breakdown of the approximately $55 billion enterprise value. See EA’s financing announcement.
| Financing figure | Qualification |
|---|---|
| Approximately $36 billion equity investment | EA said this included PIF’s rollover of its existing stake. |
| $20 billion committed debt financing | Committed by JPMorgan Chase Bank. |
| $18 billion expected at close | EA’s expected amount to be funded at closing from the committed debt financing. |
What does the change in ownership mean for EA and its investors?
For former EA stockholders, the announced outcome was cash consideration of $210 per share held at closing. EA’s shares ceased trading when the deal closed and were to be delisted from Nasdaq, so the public-market share price is no longer a way to track the company’s value after completion.
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For the company’s future, EA and consortium representatives spoke broadly about investment, innovation, growth and AI. Those statements describe intentions, not guaranteed changes to particular games, franchises, staffing or development plans. EA’s completion release identifies approximately $7.5 billion in GAAP net revenue for fiscal year 2026, but that historical company figure does not establish how the acquisition will affect future performance.
EA’s release also cautions that forward-looking statements rely on assumptions and that actual results could differ materially. No specific franchise changes or measurable post-acquisition outcomes are established by the broad public statements accompanying the close.
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