"Our creative and passionate teams at EA have delivered extraordinary experiences for hundreds of millions of fans, built some of the world's most iconic IP, and created significant value for our business. This moment is a powerful recognition of their remarkable work,"
"Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities. Together with our partners, we will create transformative experiences to inspire generations to come. I am more energized than ever about the future we are building."
"This partnership will help further drive EA's long-term growth, while fueling innovation within the industry on a global scale."
"The future for EA is bright, we are going to invest heavily to grow the business and we are excited to support Andrew and the EA team as the company accelerates innovation, expands its reach worldwide, and continues to deliver incredible experiences to players and fans across generations."
Electronic Arts sold itself to an investor consortium made up of Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners, and Silver Lake in a $55 billion all-cash deal. The consortium will take ownership of 100% of EA; the PIF already owned a 9.9% stake. Shareholders will receive $210 per share in cash, a significant premium over recent trading. Andrew Wilson will remain CEO. The deal is positioned to accelerate innovation and growth across entertainment, sports, and technology, with consortium members planning to invest to expand EA's global reach and offerings.
Read at GameSpot
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