EA has announced that the gaming giant has been acquired by a consortium that includes Saudi Arabia's PIF, Silver Lake, and Affinity Partners to the tune of $55 billion.
In a press release, the company stated it has entered a definitive agreement to be acquired by a consortium. The group, which includes Saudi Arabia's PIF, will acquire 100% of EA, with the PIF rolling over its existing 9.9% stake in the company. Shareholders will receive $210 a share as a result of the sale. Notably, that's a 25% premium on the $168.32 the share price closed at on September 25, the stock's last fully unaffected trading day.