Electronic Arts has officially become a privately held company after a consortium led by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners completed a $55 billion acquisition.
According to the report, the deal, finalised on August 4, removes the video game publisher from the Nasdaq and marks the largest leveraged buyout on record.
The report said the acquisition was financed through approximately $20 billion in debt, placing significant financial obligations on the company.
In response, Electronic Arts plans to reduce annual operating costs by $700 million, including $170 million through organisational restructuring, as it seeks to maintain profitability under its new ownership.
According to the report, greater emphasis may be placed on established gaming franchises with proven commercial success rather than experimental projects.
The acquisition has also drawn criticism from some observers, who argue it represents an effort by Saudi Arabia to improve its international image, while Saudi officials maintain the investment is part of a broader strategy to diversify the country's economy beyond oil.
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Video game giant Electronic Arts closes $55 billion go-private sale of its business https://t.co/B68Hk9sNLM
— O.C. Register (@ocregister) August 5, 2026
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