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EA Buyout Officially Closes: PIF Now Holds 93% Stake, Company Saddled With $20 Billion in New Debt
Tech

EA Buyout Officially Closes: PIF Now Holds 93% Stake, Company Saddled With $20 Billion in New Debt

The $55 billion acquisition led by Saudi Arabia's Public Investment Fund officially closed this Tuesday, with PIF taking over 93% of EA's shares. Andrew Wilson stays on as CEO, but the company now has to shoulder $20 billion in financing debt.

EA's $55B Take-Private Deal Sealed: Delisting Set for August 4, CEO and HQ Staying Put
Tech

EA's $55B Take-Private Deal Sealed: Delisting Set for August 4, CEO and HQ Staying Put

PIF, Silver Lake and Affinity Partners have teamed up to acquire EA in an all-cash deal at $210 per share. The company will delist from Nasdaq on August 4, with Andrew Wilson and the California headquarters remaining unchanged.