Electronic Arts has ceased trading on the Nasdaq and will be delisted following the completion of its $55 billion acquisition by a consortium led by Saudi Arabia’s Public Investment Fund (PIF) and Jared Kushner’s Affinity Partners.
The transaction, which also includes financing from private equity firm Silver Lake, officially takes the video game publisher private.
Shareholders are set to receive $210 in cash for each share held, finalizing a deal that had been under regulatory scrutiny for months.
Shareholders are set to receive $210 in cash for each share held, finalizing a deal that had been under regulatory scrutiny for months.
The move removes one of the last major independent publishers from public markets, signaling a shift toward private ownership in the gaming industry.
The acquisition price reflects a significant premium over recent trading levels, rewarding long-term holders while eliminating the volatility associated with quarterly earnings reports and market sentiment swings.
For traders, the delisting means EA shares are no longer tradable on public exchanges, closing out positions that remained open during the final stages of the regulatory approval process.
The deal had previously navigated complex regulatory hurdles, including securing approval from the European Union, which was a critical step in finalizing the transaction.