Saudi Arabia’s PIF Leads Record $55B Leveraged Buyout of Electronic Arts

Saudi Arabia's Public Investment Fund has finalized a historic $55 billion Leveraged buyout of Electronic Arts, marking the largest transaction of its kind. The deal eclipses the 2007 acquisition of TXU Corp. and underscores the kingdom's ambitions to diversify beyond oil into gaming and entertainment.

A consortium including PIF, Silver Lake Management, and Jared Kushner’s Affinity Partners will pay $210 per share—a 25% premium to EA’s undisturbed price. JPMorgan Chase committed $20 billion in debt financing, while PIF contributes its existing 10% stake and the majority of $36 billion in equity.

The acquisition takes EA private amid strong performance from franchises like Madden NFL and EA Sports FC. With Battlefield 6 launching October 10, the deal secures Saudi Arabia’s foothold in a sector projected to generate $221 billion globally this year.