Electronic Arts has agreed to be acquired by a consortium led by PIF, Silver Lake and Affinity Partners in a landmark $55 billion (£40.9bn) all-cash buyout by an investor consortium, the largest of its kind in history.

EA shareholders will receive $210 per share, representing a 25% premium to its last unaffected price.

The transaction, expected to close in Q1 FY27, will see EA remain headquartered in Redwood City, California under the leadership of CEO Andrew Wilson.

Consortium members said the deal will accelerate the video game giant’s ability to innovate and expand globally, blending physical and digital experiences for fans.

Wilson praised the move as “a powerful recognition” of EA’s teams and IP, pledging to push the boundaries of entertainment, sports and technology with its new partners.