Electronic Arts completes $55bn acquisition; CEO announces senior leadership changes Cam Weber appointed chief studios officer, David Tinson promoted to COO as EA goes private Electronic Arts has completed its $55 billion leveraged buyout, with Saudi Arabia's Public Investment Fund (PIF) now the majority owner. As EA becomes a private company, stockholders will receive $210 per share in cash, and the developer will be delisted from NASDAQ. CEO Andrew Wilson has appointed Cam Weber as chief studios officer and David Tinson as COO. Together, the Consortium is uniquely positioned to be a long-term partner to EA's management team in driving sustained growth and innovation for EA and the industry.” The PIF bought over $3 billion in EA stock in 2021 and increased its stake in EA by 55% in 2023.
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GamesIndustry.biz