Shareholders and regulators hold the key to EA’s record-breaking buyout
Electronic Arts just hit pause on Wall Street. The gaming giant is going private in a jaw-dropping $55 billion all-cash deal, with Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners stepping in as the new “players one, two, and three.” Shareholders will cash out at $210 a share, a move EA is calling the biggest all-cash take-private deal in history. Talk about unlocking an achievement.
In the middle of a consolidation spree, EA is hitting the reset button. By leaving public markets, it’s ditching the quarterly grind for the agility of private ownership. Bloomberg notes that the move reflects slowing growth in gaming and mounting investor pressure on publishers to squeeze more out of existing franchises.
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