The gaming giant Electronic Arts, known for its vast library of video games and notably being the former official “worst company in America”, has just been sold to private investors for an eye-watering $55 billion. This was rumored to be happening last week but now it’s official, after an ominously-named “investor consortium” closed the deal and splashed the cash on one of gaming’s biggest names.
The “Consortium” consists of three major organizations: there’s Affinity Partners, an American investment firm created in 2021 by President Donald Trump’s son-in-law Jared Kushner, the private equity firm Silver Lake, and Saudi Arabia’s Public Investment Fund (PIF). This trio of cash-rich parties are acquiring 100% of the company between them, with the PIF getting more thanks to them already having a 9.9% stake in the company. The CEO of EA, Andrew Wilson, will remain on board as CEO going forwards.
According to EA, this deal “positions EA to accelerate innovation and growth”, because I’m sure they’re very happy about the billions of dollars being thrown at them. As for the buyers, Kushner described EA as “an extraordinary company with a world-class management team”, and the Saudi Arabian PIF said the sale will “help further drive EA’s long-term growth”. Games were only mentioned once in the entire press release, with Kushner saying he liked them as a child and shares them with his own kids now.
How do you feel about EA’s sale to the “Consortium”, and what are you anticipating for the future of the company? Let us know all your thoughts in the comments down below, and keep your eyes on GameLuster for more breaking gaming news and industry coverage like this.
