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EA’s $55bn buyout complete in deal led by Saudi Arabia’s PIF
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Latest Updates | PocketGamer.biz
EA’s common stock will be delisted from NASDAQ.
Saudi Arabia's Public Investment Fund (PIF) is now the majority owner of Electronic Arts, following a consortium buyout taking the company private.
That consortium includes PIF, Silver Lake and Affinity Partners, with PIF taking a 93% share.
Now the transaction has completed, with stockholders set to receive $210 in cash for each share of EA common stock they owned.
In going private, EA’s common stock will be delisted from NASDAQ and has ceased trading.