Electronic Arts (EA) is set to be purchased by a group of investors in a $55 billion deal, confirming recent industry speculation.

Per an official statement, the gaming giant behind franchises like Battlefield—whose upcoming sixth installment arrives next month—has finalized an agreement with a consortium led by PIF, Silver Lake, and Affinity Partners. The all-cash deal, priced at $55 billion, grants the group full ownership of EA, with PIF retaining its current 9.9% share in the company.

The decision followed a thorough review by EA’s Board of Directors. Lead Independent Director Luis A. Ubiñas emphasized that the transaction offers substantial value to shareholders and aligns with the long-term interests of all parties involved.

While the acquisition has been approved, it remains pending regulatory clearances and stockholder consent, with finalization anticipated by early FY27. Post-completion, EA’s shares will cease trading on public exchanges.

EA CEO Andrew Wilson shared his enthusiasm: “Our teams have crafted exceptional experiences for millions, built beloved franchises, and driven considerable growth. This partnership amplifies their efforts. As we move forward, we’ll redefine entertainment and sports through cutting-edge tech, exploring fresh possibilities. Collaborating with our new partners, we’ll deliver groundbreaking innovations to captivate future audiences. I’ve never been more excited about the journey ahead.”