Other EA To Be Sold In $55 Billion Deal To Saudi PIF, Silver Lake & More

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411MANIA | EA To Be Sold In $55 Billion Deal To Saudi PIF, Silver Lake & More

Electronic Arts is going private, with the video game giant announcing they've been sold to PIF, Silver Lake, and Affinity Partners in a $55 billion deal.
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Electronic Arts is going private, with the video game giant announcing they’ve been sold to PIF, Silver Lake, and Affinity Partners in a $55 billion deal. EA announced on Monday that they’ve entered an agreement to be sold by an investor consortium comprised of Saudi Arabia’s Public Investment Fund, Silver Lake, and the Jared Kushiner-founded Affinity Partners in an all-cash deal that takes the company private.
 
Hopefully this will be good for EA.

Also between what MS spent and this purchase, the total 130 billion dollars could really have helped the world.
 
Hopefully, the new owner of EA would make more good games will be made in the future, and hire more high skilled workers.
 
So read that The Saudi Crown Prince MBS owns 93.4% of EA now. Silver Lake and Affinity would own 5.5% and 1.1% respectively.
 
There is a large number of Sims influencers who quit the official EA sims influencer program in response to this.

Many of them are refocusing their content on other games.

It seems like EA made a bad choice.
 
Read from insider gaming:

The era of Electronic Arts (EA) being a public company is coming to an end, and it will soon be under the control of a new ownership group.

In an SEC filing on Thursday, it was announced that EA has obtained every regulatory approval in order to move forward with it's sale to a consortium that includes the Saudi Arabia Public Investment Fund, Silver Lake, and Affinity Partners. With these approvals in place, the company expects to close the deal on Tuesday, August 4.

"Completion of the Merger remains subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the Merger Agreement," the filing reads.

Upon completion of the acquisition, the PIF will own over 93% of the company. Andrew Wilson will remain on as CEO, and it will stay headquartered in Redwood City, California.
 
Demon_Skeith said:
Might as well buy it all.
Click to expand...
Depends on how much that remaining stock is worth. Once they've acquired the whole thing, EA is going private, and on top of that, I think any game that it touches... it will go to shit, and whomever is developing the big tent games are just gonna leave. I think that's what they want.

Battlefield 6 is the last game that I'm gonna buy from EA. You will have to convince me to buy a new EA game. I already don't buy EA games, but this just staggers it. If I was Respawn, I'd jump ship now, too.
 
Demon_Skeith said:
Sounds like they made the purchase.
Click to expand...
Right, but company isn't fully sold. They said that they went private, and that's the point of what they did so far. The debt is still hovering over EA, soo... no, the company is not fully sold ...yet. It's just that PIF, Affinity, and Silver Lake are now what is known as "majority owners." That means they hold the voting powers, they hold the most amount of stock. But the company has not been "sold" per se.

The way it works is: You give up a portion of the company in percentage. Each company operates in 100% ownership stake at first, but when you sell stock, that percentage goes down. PIF/Affinity/Silver Lake currently owns 93% last I saw, this is with the debt this is owed to banks, debtors, creditors, etc. So, if you owe let's say $20 Billion, then, they aren't "free" yet.
 
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