EA’s $55bn buyout expected to close on 4 August
Developing story first seen 3 hours ago
Electronic Arts now expects its $55 billion go-private transaction to close at the end of trading on 4 August, after securing all required regulatory approvals. The announcement marks a key step towards removing one of the world’s largest video game publishers from the stock market, although customary final conditions must still be met or waived.
The all-cash deal was announced last September and involves Saudi Arabia’s Public Investment Fund, Silver Lake and Jared Kushner’s Affinity Partners. It was delayed beyond its original 30 June target by regulatory reviews; EA is expected to remain based in Redwood City, California, with Andrew Wilson continuing as chief executive.
- EA expects its $55 billion sale to close on 4 August.
- All required regulatory approvals have been obtained.
- EA will remain led by Andrew Wilson in California.
More coverage
- GamesRadar+ — EA's $55 billion buyout is officially complete next week
- GameSpot — EA Says Saudi Takeover Deal Is Set To Close Next Week
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Originally published by Variety as “Electronic Arts Set to Close $55 Billion Go-Private Deal Next Week”.