The deal closed last night, Electronic Arts now belongs to a Saudi-led consortium with PIF holding 93.4 percent, Silver Lake at 5.5 percent and Affinity Partners at 1.1 percent. Stockholders collected $210 per share while the company quietly assumed roughly $20 billion in new debt to complete the $55 billion leveraged buyout.

Debt holders have already been promised up to $700 million in annual cost reductions, including $170 million labeled as organizational efficiencies. That particular line item translates to layoffs and studio consolidation, with earlier moves at Criterion and overseas outsourcing serving as the template.

CEO Andrew Wilson collected $38.6 million in total compensation for the prior fiscal year per the final SEC filing, a figure that includes substantial stock awards and performance bonuses tied in part to AI adoption targets. The same period saw staff reductions at Battlefield-adjacent teams. The new ownership structure now requires the same efficiency playbook at far greater scale, with no indication that the executive compensation structure will adjust accordingly.