Video game giant electronic arts being taken private in historical $ 55b byout deal
Electronic arts, video games manufacturer Maden NFL, Battle field And SimsThe $ 55 billion is being acquired for the US, the largest leveraged byout effort in history.
Under the terms of a deal declared on Monday, private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth funds PIF and Effinity Partners will pay $ 210 per share to the company’s stockholders. Efficiency Partners is a private equity firm run by Jaared Kushnar, son -in -law of President Donald Trump.
Electronic Arts (EA) will be taken private. The total value of the deal receives $ 32 billion paid to take Texas Utility TXU Private in 2007.
If the transaction is analogically closed, it would end the 36-year history of EA as a publicly trading company, which began with its shares, which ends the first day of trade in a division-planned 52 cents.
Former EA’s apple employee William “Trip” came to the IPO installed by Hawkins seven years later, who began playing analog edition of baseball and football made by Strat-O-Maticic during the 1960s.
Since EA 2013, he has been run by its current CEO Andrew Wilson.
The company’s roots are also in Canada. It bought Burnaby, BC-based game developer specific software In 1991 And it was renamed Electronic Arts Canada.
Now known as EA Vancouver, that studio went to develop some of the biggest franchises of the company, including EA Sports FC And its NHL series.
Aaj Tak, EA has several other video games studios and offices across the country, including Edmonton, Montreal, Toronto and Victoria, BC, according to its website.
A buyer was also involved in the Tiktok deal
It marks the Silver Lake with an army of loyal fans in recent weeks and another high-profile deal associated with a technology company.
Silver Lake is also part of a newly formed joint venture, which is included in a deal to handle the American oversite of the social video platform of Tikok by Oracok, although not all details of that complex transaction have been divided yet.
Silver Lake has also bought the first two other famous technology companies: Purchasing the $ 1.9 billion deal in 2009, now-dift video calling service Skype, and in 2013, purchasing $ 24.9 billion of individual computer manufacturer Dale.
Personal, EA will be able to resume its operations without subjugating investment pressures and investigation that sometimes forces publicly organized companies to take short-sighted decisions aimed at fulfilling quarterly financial goals.
Although its video game still has an enthusiasm, the annual revenue of EA during the last three financial years has been stable, hovering from $ 7.4 billion to $ 7.6 billion.
Meanwhile, the leading EA rival Activities Blizard was stripped of technology powerhouse Microsoft for $ 69 billion in 2023, while competition from mobile video game manufacturers such as Epic Games has intensified.
After becoming private, in the past public companies often undergo a widespread cost-cutting that involves pruning, although there is no indication that will occur with EA. After jetting about five percent of its workforce in 2024, EA finished March with 14,500 employees and then laid several hundred people in May.
