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Electronic Arts completes $55bn acquisition; CEO announces senior leadership changes

Electronic Arts has completed its $55 billion leveraged buyout, with Saudi Arabia's Public Investment Fund (PIF) now holding majority ownership. EA is delisted from NASDAQ and becomes a private company, with stockholders receiving $210 per share. CEO Andrew Wilson announced leadership changes, appointing Cam Weber as chief studios officer and David Tinson as COO, both also named company presidents. The acquisition consortium includes PIF, Silver Lake, and Affinity Partners, who have signaled plans to invest in AI-enhanced game development and player experiences.

    #business#gaming
Aug 05•3m read time•From gamesindustry.biz
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