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Electronic Arts Says It'll Be A Private Company Next Week
Engadget • • business
Key Points:
- Electronic Arts (EA) announced it will finalize its $55 billion deal to go private by August 4, 2026, according to an SEC filing.
- The acquisition involves the Saudi Arabia Public Investment Fund (PIF), Silver Lake, and Affinity Partners, marking the largest leveraged buyout in history.
- EA's CEO Andrew Wilson will remain in charge, and the company's headquarters will stay in Redwood City, California.
- The deal concludes EA's 35-year tenure as a publicly traded company amid industry challenges including layoffs, game cancellations, studio closures, and shelving of franchises like Need for Speed.
- The merger's closing date was delayed by about a month from the original plan, with all regulatory approvals obtained as of July 30, 2026.
