Core Viewpoint - Electronic Arts (EA) is set to be acquired in a historic $55 billion all-cash deal, marking the largest leveraged buyout on record, with shareholders receiving $210 per share, aligning with Robert W. Baird's price target [2][6]. Group 1: Acquisition Details - The acquisition is led by Saudi Arabia's Public Investment Fund, Silver Lake, and Jared Kushner's Affinity Partners [2][4]. - The Public Investment Fund will become the majority investor, having already owned a 9.9% stake in EA [4]. Group 2: Market Reaction - Following the buyout announcement, EA's shares surged by 4.9%, with a prior increase of about 15% the previous Friday, boosting EA's market value from $43 billion to around $48 billion [3][6]. - EA's current stock price is $202.53, reflecting a 4.75% increase, with a market capitalization of approximately $50.67 billion [5][6]. Group 3: Analyst Insights - Robert W. Baird has set a price target of $210 for EA, indicating a potential increase of 3.59% from the current stock price [1][6].
Electronic Arts (EA) Set for Historic $55 Billion Buyout