Over the weekend, reports claimed that a group of investors were in ‘advanced talks’ to acquire EA i
Over the weekend, reports claimed that a group of investors were in ‘advanced talks’ to acquire EA in a deal worth roughly $50 billion. Now, EA has confirmed this to be true, with plans to sell to a consortium of investors for $55 billion.
As previously reported, Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners will all be taking a piece of EA. The terms of the agreement state that the three investment funds will acquire 100% of EA shares at a price of $210 per share, a 25% premium over the company’s usual share price.
