A Saudi-led investor consortium comprising PIF, Silver Lake, and Affinity Partners is set to acquire EA Games for $US55 billion ($84 billion) in an all-cash deal, billed as the largest buyout ever recorded.

The consortium will acquire 100% of EA, with PIF rolling over its existing 9.9% stake in the company. The deal is expected to accelerate EA's innovation and growth by blending physical and digital experiences, enhancing fan engagement, and creating new growth opportunities.

Affinity Partners is run by President Donald Trump's son-in-law, Jared Kushner. Kushner said, "Electronic Arts ​is ​an ​extraordinary ​company with a ​world-class ​management ​team and a bold vision ​for ​the ​future. ​I've admired their ​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."

Andrew Wilson, Chairman & CEO of Electronic Arts said, "Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world’s most iconic IP, and created significant value for our business.

"This moment is a powerful recognition of their remarkable work. Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities. Together with our partners, we will create transformative experiences to inspire generations to come. I am more energized than ever about the future we are building," he said.

PIF, Silver Lake, and Affinity Partners bring experience and networks in the gaming, entertainment, and sports sectors. Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF, commented, "PIF is uniquely positioned in the global gaming and esports sectors, building and supporting ecosystems that connect fans, developers, and IP creators. PIF has demonstrated a strong commitment to these sectors, and this partnership will help further drive EA’s long-term growth, while fueling innovation within the industry on a global scale."

Egon Durban, Co-CEO and Managing Partner of Silver Lake, highlighted the investment's alignment with Silver Lake's mission, stating, "This investment embodies Silver Lake’s mission to partner with exceptional management teams at the highest quality companies. EA is a special company: a global leader in interactive entertainment, anchored by its premier sports franchise, with accelerating revenue growth and strong and scaling free cash flow. We are honored to invest and partner with Andrew – an extraordinary CEO who has doubled revenue, nearly tripled EBITDA, and driven a fivefold increase in market cap during his tenure. The future for EA is bright, we are going to invest heavily to grow the business and we are excited to support Andrew and the EA team as the company accelerates innovation, expands its reach worldwide, and continues to deliver incredible experiences to players and fans across generations."

Luis A. Ubiñas, Lead Independent Director of EA’s Board of Directors, noted the board's decision, saying, "The Board carefully evaluated this opportunity and concluded it delivers compelling value for stockholders and is in the best interests of all stakeholders. We are pleased that this transaction delivers immediate and certain cash value to our stockholders while strengthening EA’s ability to continue building the communities and experiences that define the future of entertainment."

EA stockholders are set to receive $210 per share in cash. This represents a 25% premium over EA's unaffected share price of $168.32 as of 25 September 2025.