Sidley is representing Affinity Partners as part of an investor consortium, along with PIF and Silver Lake, in an all-cash acquisition of Electronic Arts Inc. (NASDAQ: EA) (“EA” or the “Company”), a global leader in digital interactive entertainment, with an enterprise value of approximately US$55 billion.
Under the terms of the agreement, the Consortium will acquire 100% of the equity interests of EA, with PIF rolling over its existing 9.9% stake in the Company. EA stockholders will receive $210 per share in cash. The per share purchase price represents a 25% premium to EA’s unaffected share price of $168.32 at market close on September 25, 2025, the last fully unaffected trading day, and a premium to EA’s unaffected all-time high of $179.01 at market close on August 14, 2025.
The Sidley deal team was led by Perry J. Shwachman, Jonathan A. Blackburn, and William R. Levi. The team was also comprised of Jim Mendenhall, Vincent Brophy, Julie Ann Rosenberg Lamm, Conner Collins, Vadim Brusser, Jack Cadden, and Caira Watson Haynes.
