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Electronic Arts to be bought by Saudi-led consortium for $55 bn
TechXplore· 2025-09-29 13:36
Core Points - Electronic Arts (EA) is set to be acquired by a consortium led by Saudi Arabia's Public Investment Fund (PIF) for $55 billion, marking the largest all-cash private equity buyout in history [1][2] - The consortium includes US investment firms Silver Lake and Affinity Partners, with the latter founded by Jared Kushner [2] - EA reported a revenue of $7.5 billion in its most recent fiscal year and is known for franchises like FIFA, Madden NFL, The Sims, and Battlefield [2] Financial Details - The acquisition will be financed through approximately $36 billion in equity from consortium members and $20 billion in debt from JPMorgan Chase [3] - PIF, which already holds a 9.9% stake in EA, will roll over its existing investment as part of the transaction [3] Transaction Timeline and Impact - The acquisition is expected to close in early 2026, pending approval from EA shareholders and regulatory authorities [3] - Upon completion, EA will be delisted from the Nasdaq stock exchange but will remain headquartered in Redwood City, California, under the leadership of CEO Andrew Wilson [4] - This deal represents PIF's ongoing strategy to diversify Saudi Arabia's economy beyond oil revenues, with a focus on the gaming sector [4]
US stocks tick higher as investors look past hawkish talk, await shutdown clarity
The Economic Times· 2025-09-29 13:33
All three are near their all-time highs set a week ago. Electronic Arts climbed after the video-game maker confirmed rumors it would be taken private in what could become the largest-ever buyout funded by private-equity firms. A key economic report will arrive Friday when the government releases its monthly jobs survey.Wall Street pushed higher early Monday despite growing anxiety over a possible U.S. government shutdown later this week.Futures for the S&P 500 rose 0.5% before the bell, while futures for ...
Electronic Arts' $50B Buyout Is About Soft Power, Not Shareholder Returns (NASDAQ:EA)
Seeking Alpha· 2025-09-29 13:30
Core Insights - Electronic Arts Inc. (NASDAQ: EA) stock has increased by 37.5% since the last analysis, outperforming the S&P 500, which gained 16.5% during the same period [1] Company Performance - The stock performance of Electronic Arts Inc. indicates strong market interest and potential investor confidence, as evidenced by the significant price increase compared to the broader market index [1]
Electronic Arts going private major $55B buyout deal from investor group
Fox Business· 2025-09-29 13:21
Group 1 - Electronic Arts (EA) is going private in a deal valued at approximately $55 billion, marking the largest leveraged buyout in history [1][2] - The acquisition will be made by Saudi Arabia's Public Investment Fund, private equity firm Silver Lake, and Jared Kushner's Affinity Partners, with EA shareholders receiving $210 per share in cash [1] - This deal signifies further consolidation in the video game industry, following similar acquisitions of companies like Activision Blizzard and Zynga, reducing the number of publicly listed video game companies [2] Group 2 - EA's recent earnings report indicated a strong start to fiscal year 2026, with net revenue for the first quarter reaching $1.671 billion [10] - The company is preparing for significant game launches, including Battlefield 6 and skate., while focusing on deepening player engagement in EA SPORTS [8]
EA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Electronic Arts Inc. Is Fair to Shareholders
Businesswire· 2025-09-29 13:20
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Electronic Arts Inc. (NASDAQ: EA) to an investor consortium comprised of PIF, Silver Lake, and Affinity Partners for $210.00 per share in cash is fair to Electronic Arts shareholders. Halper Sadeh encourages Electronic Arts shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com o. ...
CEO: Not all career advice is worth following—'Sometimes the boldest decisions come from trusting your own instincts'
CNBC· 2025-09-29 13:10
Core Insights - Maya Rogers, CEO of Tetris, emphasizes the importance of trusting one's instincts in decision-making, especially when faced with conventional advice [4] Company Overview - Tetris was created in the 1980s by Henk Rogers and the company was established in 1996 [1] - Maya Rogers joined Tetris in 2007 as a director of business development and became president and CEO by 2014 [2] Strategic Decisions - A significant decision made by the company was to collaborate with Puyo Puyo, a lesser-known puzzle game outside Japan, despite initial concerns about brand dilution [2] - The partnership led to the launch of Puyo Puyo Tetris in 2014, which has since sold millions of copies globally and strengthened Tetris' presence in Japan [3] Lessons Learned - The experience highlighted that while trusted advice is valuable, bold decisions often stem from personal instincts [4] - The company advocates for taking thoughtful risks as a means to foster innovation and growth, even if it involves the possibility of failure [4]
AI Stocks May Lead Early Upward Move On Wall Street
RTTNews· 2025-09-29 12:57
Market Overview - Major U.S. index futures indicate a higher open on Monday, with stocks expected to continue the upward trend from last Friday [1] - Nvidia (NVDA) shares rose by 1.0% in pre-market trading, while Oracle (ORCL) increased by 0.9% [2] - Electronic Arts (EA) shares surged by 5.4% after announcing an acquisition agreement valued at approximately $55 billion [2][3] Acquisition Details - EA stockholders will receive $210 per share in cash, representing a 25% premium over the unaffected share price of $168.32 [3] Economic Indicators - The Labor Department's monthly jobs report is anticipated to show an increase of 50,000 jobs in September, following a rise of 22,000 jobs in August [4] - The report could influence interest rate outlooks, with concerns about a potential U.S. government shutdown also affecting trader sentiment [4] Stock Performance - Major averages finished positively on Friday, with the Dow up by 299.97 points (0.7%) to 46,247.29, S&P 500 up by 38.98 points (0.6%) to 6,643.70, and Nasdaq up by 99.37 points (0.4%) to 22,484.07 [6] - Despite the gains, the Nasdaq fell by 0.7% for the week, while the S&P 500 and Dow dipped by 0.3% and 0.2%, respectively [6] Inflation Data - Consumer prices increased in line with expectations, with the PCE price index rising by 0.3% in August after a 0.2% increase in July [7][8] - The annual growth rate of the PCE price index rose to 2.7% in August from 2.6% in July, while the core PCE price index remained at 2.9% [8] Global Market Reactions - Asian stocks rose broadly, with China's Shanghai Composite Index increasing by 0.9% due to a 20.4% annual rise in industrial profits for August [13][14] - The Kospi in South Korea jumped by 1.3% on renewed hopes for a Federal Reserve interest rate cut [16] European Market Performance - European stocks showed mixed results amid concerns of a potential U.S. government shutdown [18] - The German DAX Index decreased by 0.1%, while the French CAC 40 and U.K.'s FTSE 100 increased by 0.3% and 0.4%, respectively [20]
EA strikes deal to go private: how much will shareholders receive?
Invezz· 2025-09-29 12:51
Electronic Arts (EA), one of the world's largest video game publishers, is set to be taken private in a $55 billion deal led by a consortium that includes Saudi Arabia's Public Investment Fund (PIF), ... ...
Video gamer Electronic Arts to be bought in largest-ever private equity buyout valued at $55 billion
Yahoo Finance· 2025-09-29 12:26
Group 1 - Electronic Arts is being acquired for $55 billion, marking the most expensive levered buyout in history [1] - The acquisition involves Silver Lake Partners, Saudi Arabia's sovereign wealth fund PIF, and Affinity Partners, which is led by Jared Kushner [1] - Shareholders will receive $210 per share as part of the deal [1] Group 2 - The deal was anticipated, with discussions leaked prior to the announcement [2] - The total value of the acquisition surpasses the $32 billion paid for Texas utility TXU in 2007 [2] - If completed, this transaction will conclude EA's 36-year history as a publicly traded company [2] Group 3 - EA was founded by William "Trip" Hawkins, a former Apple employee, and went public seven years after its establishment [3] - The company's shares ended their first day of trading at a split-adjusted price of 52 cents [2]
Stocks close higher Friday on in-line inflation data, but S&P 500 and Nasdaq end week lower
Techpinions· 2025-09-29 12:14
Market Overview - The stock market closed higher on Friday, driven by inflation data that met expectations, but the S&P 500 and Nasdaq Composite ended the week with losses, breaking a three-week winning streak [1][2] - The Dow Jones Industrial Average rose by 299.97 points, or 0.65%, closing at 46,247.29 [1] Economic Data - Recent US economic data indicates a strong economy, with the Federal Reserve's preferred inflation gauge (PCE) settling near 3% [2] - The PCE price index showed core inflation at a 2.9% seasonally adjusted annual rate in August, aligning with economists' forecasts [3] Corporate News - Electronic Arts (EA) shares surged over 14% following reports of a potential deal to go private, possibly involving investors like Silver Lake and Saudi Arabia's Public Investment Fund, with the deal estimated at around $50 billion [4] - Paccar (PCAR) shares rallied about 5% after the announcement of a 25% tariff on imported heavy trucks starting October 1 [5] - Boeing (BA) stock gained more than 4% after Turkish Airlines ordered 75 Boeing 787 aircraft and negotiated to buy 150 737 MAX planes [5] Market Sentiment - David Russell from TradeStation noted that the recent inflation data helped to alleviate some market concerns, indicating a positive shift in buyer sentiment [4] - Ulrike Hoffmann-Burchardi from UBS Financial Services highlighted that the macroeconomic backdrop remains supportive of equity returns [5]