Saudi Arabia's PIF will control 93% of EA following $55 billion buyout

If the acquisition is approved, it will be the second-largest gaming acquisition.

New details have emerged regarding Electronic Arts' proposed buyout, revealing that Saudi Arabia's Public Investment Fund will hold an overwhelming majority stake in the gaming giant.

The details:

Originally announced in September, a consortium consisting of the PIF, Silver Lake, and Affinity Partners intends to acquire EA in a deal worth $55 billion USD. According to a recent filing with Brazil's antitrust regulator (via The Wall Street Journal), the PIF will own 93.4% of EA once the deal closes, with Silver Lake Partners and Affinity Partners holding just 5.5% and 1.1%, respectively.
To finance the acquisition, the consortium will provide approximately $36.4 billion in equity, with the remaining $20 billion funded through debt. After accounting for PIF's existing 9.9% stake in EA, the fund will need to contribute around $29 billion to complete the transaction. The deal also represents a 25% premium on EA's unaffected share price of $168.32, valuing the company at $210 per share, making it the second-largest gaming acquisition ever, behind Microsoft's $69 billion purchase of Activision Blizzard in 2023.
EA has scheduled a shareholder meeting later this month to vote on the proposal, with the deal expected to close by mid-2026 should it be approved. Once finalized, EA will transition from a publicly traded company to a privately held entity.