Electronic Arts completes $55bn acquisition; CEO announces senior leadership changes

Electronic Arts (EA) has completed a $55 billion leveraged buyout, with Saudi Arabia's Public Investment Fund (PIF) now owning the majority of the company. As a result, EA will become a private company, with stockholders receiving $210 per share in cash and being delisted from NASDAQ. CEO Andrew Wilson has appointed Cam Weber as chief studios officer and David Tinson as COO, both of whom were also named company presidents.

Wilson emphasized the importance of the new leadership team, highlighting their experience, humility, and deep commitment to the company's teams and players. The acquisition, led by a consortium of investors including Saudi Arabia's PIF, Silver Lake, and Affinity Partners, was approved in December, and all regulatory approvals were granted last week.

The PIF, which has been a long-term investor in EA, sees entertainment and sports as key areas of strategic focus and is excited to partner with EA in driving sustained growth and innovation.

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