It’s official: EA is selling to private equity in $55 billion deal

Date:

Share:


The Saudi Arabia PIF also has significant investments in gaming giants such as Nintendo, Take Two, Activision Blizzard Capcom, Nexon, and Koei Tecmo managed through the Savvy Games Group. In 2023, the PIF backed out of a mulled $2 billion deal for gaming acquisition firm Embracer Group.



Ivanka Trump and Jared Kushner on the South Lawn of the White House.

Ivanka Trump and Jared Kushner on the South Lawn of the White House.


Credit:

Win McNamee/Getty Images


Silver Lake was part of the consortium involved in this month’s controversial deal to bring Tiktok under the control of US-based companies. Back in 2013, the private investment firm also helped take computer-maker Dell private in a $25 billion deal.

Affinity Partners CEO Jared Kushner, the son-in-law of President Trump, said in a statement that he has “admired [EA’s] ability to create iconic, lasting experiences, and as someone who grew up playing their games – and now enjoys them with his kids – I couldn’t be more excited about what’s ahead.”

EA first went public with an IPO on the NASDAQ stock exchange in 1990, and by 1996 its market cap had risen to $1.61 billion. Last week, the company’s valuation was hovering around $43 billion.

EA brought in $7.5 billion in revenue in the 2025 fiscal year (ending March 31) on the strength of franchises including Madden NFL, EA Sports FC, Battlefield, The Sims, Dragon Age, and Plants vs. Zombies.



Source link

━ more like this

Pentagon will reportedly award SpaceX a $2 billion contract to help develop the ‘Golden Dome’

SpaceX will reportedly receive a $2 billion contract to develop satellites for the US government, according to the . The WSJ's report detailed...

What to read this weekend: A deep dive into humankind’s search for alien life

This book was so much fun!! Science journalist Becky Ferreira approaches the topic of alien life and humankind's enduring obsession with it in...

Ayaneo’s first smartphone could have physical shoulder buttons

Ayaneo is breaking into the competitive smartphone market with its latest offering, but it's hoping to attract the mobile gamers out there. In...

Italy will be the latest country to require age verification for porn sites

Later this month, Italian citizens will have one extra step to go through before getting on porn sites. On Friday, Italy's regulatory agency...
spot_img