EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion Date: September 29, 2025 Location: Redwood City, California --- Overview Electronic Arts Inc. ("EA"), a global leader in digital interactive entertainment, has entered into a definitive agreement to be acquired by a consortium of investors: Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The acquisition values EA at approximately $55 billion in an all-cash transaction. --- Key Highlights Purchase Price: $210 per share in cash for EA stockholders, representing a 25% premium over EA's unaffected share price of $168.32 on September 25, 2025. This price also exceeds EA’s all-time high of $179.01 on August 14, 2025. Transaction Scale: The deal is the largest all-cash sponsor take-private investment in history. Ownership & Funding: The investor consortium will acquire 100% of EA, with PIF rolling over its existing 9.9% stake. Equity investment totals approximately $36 billion from the consortium. $20 billion in debt financing is fully committed by JPMorgan Chase Bank, with $18 billion expected at closing. Post-Transaction Status: EA will remain headquartered in Redwood City, California. Andrew Wilson will continue as CEO. EA common stock will be delisted from public markets following completion. Expected Close: The transaction is expected to close in Q1 FY27, subject to customary closing conditions including regulatory and stockholder approvals. --- Strategic Rationale The consortium brings deep experience in gaming, entertainment, and sports sectors, offering opportunities for EA to: Blend physical and digital experiences. Enhance fan engagement. Drive innovation and growth on a global stage. CEO Andrew Wilson emphasized EA’s strong creative teams, iconic IP, and their drive to push entertainment boundaries further. --- Statements from Key Participants Andrew Wilson, CEO of EA: Expressed enthusiasm about continuing to build transformative entertainment experiences and applauded the recognition of EA’s teams. Turqi Alnowaiser, PIF Deputy Governor: Highlighted PIF’s commitment to gaming and esports and the partnership's potential to drive EA’s long-term growth. Egon Durban, Co-CEO of Silver Lake: Noted Silver Lake’s commitment to partnering with high-quality companies and supporting EA’s innovation and expansion worldwide. Jared Kushner, CEO of Affinity Partners: Shared personal admiration for EA's impact and excitement about the company's future prospects. Luis A. Ubiñas, Lead Independent Director of EA's Board: Confirmed the deal delivers compelling value to stockholders and supports EA’s future development. --- About the Parties Electronic Arts: Markets digital interactive entertainment for consoles, PC, and mobile. FY 2025 GAAP net revenue approx. $7.5 billion. Notable brands: EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, Madden NFL, and others. Public Investment Fund (PIF): Saudi Arabia's sovereign wealth fund focusing on strategic investments including gaming and esports. Silver Lake: A global technology investment firm managing over $110 billion in assets. Affinity Partners: Miami-based investment firm founded in 2021 by Jared Kushner with over $5.4 billion in assets under management. --- Transaction Process & Advisers Financial & Legal Advisors: EA: Financial advisor - Goldman Sachs & Co. LLC; legal advisor - Wachtell, Lipton, Rosen & Katz. Consortium: Financial advisor - J.P. Morgan Securities LLC; legal counsel - Kirkland & Ellis LLP (lead for PIF), Gibson, Dunn & Crutcher LLP, Latham & Watkins LLP, Simpson Thacher & Bartlett LLP, Sidley Austin LLP. EA will release Q2 FY26 financial results via press release only; no