Tuesday, 02 January 2024 12:17 GMT

EA Stock Jumps Pre-Market After Announcing $55 Billion Acquisition By PIF, Silver Lake, Affinity Partners


(MENAFN- AsiaNet News)

Shares of Electronic Arts (EA) jumped in pre-market trade on Monday after the company announced that it is set to be acquired by PIF, Silver Lake, and Affinity Partners in an all-cash transaction that values the company at around $55 billion. 

In pre-market trade, EA's stock was up nearly 6%. Electronic Arts said that under the agreement, the investors' consortium will acquire the full company, with PIF rolling over its existing 9.9% stake. 

EA stockholders will receive $210 per share in cash.  The company said this represents a 25% premium over the company's unaffected closing price of $168.32 on September 25, 2025, and a premium above EA's previous all-time high of $179.01 on August 14, 2025.

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