Electronic Arts is going private in a $55 billion leveraged buyout that marks the largest such deal in history and further consolidate the gaming industry.
Electronic Arts Inc (NASDAQ:EA, ETR:ERT) said Monday it has agreed to be acquired in a $55 billion all-cash transaction led by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners, marking what would be the largest leveraged buyout in Wall Street history. The takeover values EA at $210 per share.
Electronic Arts (EA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Why is Electronic Arts, one of the biggest names in the video game business, reportedly in talks to go private?
Mr. Kushner's private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.
A transaction in the works could value Electronic Arts at $50 billion.
The Wall Street Journal reported that the videogame maker is close to making a deal that would take it private.
Videogame maker Electronic Arts is nearing a deal to go private for as much as $50 billion, the Wall Street Journal reported on Friday citing people familiar with the matter.
Investors including Silver Lake are eyeing a deal that would likely be the largest leveraged buyout ever.
Electronic Arts Inc (NASDAQ:EA, ETR:ERT)' upcoming release of Battlefield 6 could prove a turning point for the franchise, according to analysts at Wedbush, who reiterated an “Outperform” rating on the stock with a $210 price target. Shares of EA traded hands at about $173 on Monday afternoon, giving the company a market capitalization of $43.15 billion.
Games giant Electronic Arts launched an open beta over the weekend for its upcoming first-person shooter Battlefield 6 and — almost immediately — the game was swamped with cheaters.
Electronic Arts Inc (NASDAQ:EA, ETR:ERT) announces preliminary results for the fiscal first quarter of 2026, reporting net bookings of $1.298 billion, which was above the high end of their guidance range at $1.275 billion. This was also above Wall Street estimates of $1.285 billion.