Following speculation about Electronic Arts’ plans to go private, the major third-party video game publisher has now confirmed the agreement.
Best known for their sports franchises like Madden NFL, EA FC, as well as publishing some of the biggest franchises in gaming (Mass Effect, Battlefield, Star Wars), EA confirms they have entered a definitive agreement ot be acquired by an investor consortium comprised of PIF, Silver Lake, and Affinity Partners. This is an all-cash transaction that values EA at approximately $55 billion.
That’s not quite Microsoft/Activision money, which ended up being $75.4 billion, but it’s clearly nothing to sneeze at.
Andrew Wilson, CEO of Electronic Arts, commented on the matter.
Wilson claims that EA 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.”
Who Are PIF, Silver Lake, And Affinity Partners?
Silver Lake and Affinity Partners are both American-based investment firms with varied portfolios.
Silver Lake’s portfolio will feature several recognizable names; they own over 40 Minor League Baseball teams through Diamond Baseball Holdings and hold...
