The $55 billion sale of Electronic Arts to Saudi Arabia’s Public Investment Fund and a group of other private equity investors is a big deal. Some people are going to make a lot of money off it. Others may lose their jobs when the interest bill for the debt-financed portion of the leveraged buyout comes due. CEO Andrew Wilson, who will remain in charge of the Madden and Battlefield publisher even after the sale closes, is thanking his employees.
“This moment is a recognition of your creativity, your innovation, and your passion. You have built some of the world’s most iconic IP, created stories that have inspired global communities, and helped shape culture through interactive experiences,” he wrote in a companywide email to staff after the deal was announced on Monday, a copy of which was obtained by Kotaku. “Everything we have achieved–and everything that lies ahead–is because of you.”
EA stockholders, which would include Wilson, will receive $210 per share. The executive was granted $31 million in cash and stock awards for the company’s last fiscal year, up $5 million from the year prior, even as the company laid off rank-and-file employees and hit sales snags in EA Sports FC, Apex Legends, and Dragon Age: The Veilguard. The 25 percent premium on the company’s mid-August share price comes with a catch, however. A whopping $20 billion of the buyout comes from debt, the interest on which could exceed hundreds of millions of dollars annually, or the budget of multiple AAA blockbusters per year.
“We are entering a new era of opportunity,” Wilson wrote in his email to staff today. “This is one of the largest and most significant investments ever made in the entertainment industry. Our new partners bring deep experience across sports, gaming, and entertainment. They are committed with conviction to EA–they believe in our people, our leadership, and the long-term vision we are now building together.”
He continued,
Our mission at EA to—Inspire The World To Play—continues to guide everything we do. Our values and our commitment to players and fans around the world remain unchanged. With continued rigor and operational excellence, we can amplify the creativity of our teams, accelerate innovation, and pursue transformative opportunities that position EA to lead the future of entertainment. Together, we’ll create experiences that are bold, expressive, and deeply connected to inspire generations of players around the world.
I am excited to continue as CEO, working alongside our leadership team to advance our strategy. United by our vision, we will deliver experiences that transcend platforms and empower players everywhere to create worlds, characters, and stories that are bold, interactive, and deeply connected.
Thank you for your creativity, your commitment, and the passion you bring to EA every day. This is a historic moment, and with the support of our new partners, the future we are building together is brighter than ever.
EA instituted a return-to-office policy earlier this year which would require anyone living within 30 miles of an EA office to come in at least three days a week, while others not designated as remote would need to relocate. At the time, Wilson said the goal was to ignite the “kinetic energy that fuels creativity,” but some employees saw it as a way to incentivize more “voluntary” layoffs.
Alongside the likelihood of layoffs are questions about Saudi Arabia’s human rights record and the new ownership’s potential impact on creative freedom within the company and public messaging, including its annual Pride events across its various franchises, most notably The Sims. Wilson told staff EA’s “values” will remain unchanged, but didn’t lay out specifically what they are. The sale is set to close in mid-2026 pending shareholder and regulatory reviews.
