EA Sports, the video game maker that built the old WCW games, has confirmed it is to set go private in a huge $55 billion deal which involves a group of investors including private-equity firms Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, according to Variety and other media outlets.
Variety notes under the new deal, EA Sports shareholders will receive $210 per share in cash, representing a premium of 25 percent, which is what the company’s closing share price on September 25, before reports of this new deal were made public.
Furthermore, it was said the the buyout is expected to close in the first quarter of the 2027 financial year. EA’s headquarters will still remain in Redwood City, California and Andrew Wilson will stay on as the company’s CEO.
EA is set to release “Battlefield 6” on October 10. The video game giant is best know for “Madden NFL”, among other sports games.