Electronic Arts becomes private in the largest lever redemption offer in the history of the game
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Video game manufacturer Electronic Arts – known for Sims, Madden NFL, Plants VS Zombies and more – is becoming private in an agreement estimated at around 55 billion dollars.
The public investment fund of Saudi Arabia, the investment company Silver Lake and the Affinité partners of Jared Kushner will acquire EA in the context of the all-space agreement which marks the greatest lever buy in history.
The EA shareholders will receive $ 210 per cash share.
The Wall Street Journal first said that the company was approaching an agreement on Friday.
The agreement to take EA private marks a new consolidation within the industry, after titans such as Activision Blizzard and Zynga have been plunged by even larger companies, further reducing the number of listed video game companies.
EA has its headquarters in Redwood City, California. The company was founded in 1982.
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Visitors play at EA Sports FC25 at Gamescom Computer Gaming Fair during the opening day in Cologne, Germany, Wednesday August 21, 2024. (Alex Kraus / Bloomberg / Getty Images)
“We create stories and offer incredible experiences that resonate with the public around the world and have an impact in the communities where we live, work and play,” explains the EA website.
“Our values and our vision as a global company continue to lead us to create a welcoming place of work, to promote inclusive communities, to invest in the next generation of innovators and artists and to progress our environmental initiatives,” she continues.
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EA SPORTS FC 25 displayed on a TV screen and a DualSense controller are seen on this illustration photo taken in Krakow, Poland, September 30, 2024. (Jakub Porzycki / Nurphoto / Getty Images)
The results of the most recent results of the company said that its exercise had started “strong”.
“We have delivered a good start to exercise 26, surpassing expectations before what will be the most exciting launch list in EA history,” said Andrew Wilson, CEO of Electronic Arts, in a statement. “From the deepening of players’ engagement in EA Sports to Grever for Battlefield 6 and Skate., We expand our world communities and continue to shape the future of interactive entertainment.”
The headquarters of electronic arts in Redwood City, California, United States, Tuesday, July 18, 2023. (David Paul Morris / Bloomberg / Getty Images)
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Net first quarter of the company 2026 of the company, which ended on June 30, showed that its net income was $ 1.671 billion.
The next EA results call conference is scheduled for October 28.
Reuters contributed to this report.
