Electronic Arts (NASDAQ: EA) taken private at $210 cash

Rhea-AI Filing Summary

Electronic Arts Inc. has been acquired through a merger in which it became a wholly owned subsidiary of Parent. At the Effective Time, each share of common stock was cancelled and converted into the right to receive $210.00 in cash per share, without interest.

The Public Investment Fund contributed 24,807,932 shares of Electronic Arts common stock as Rollover Shares, with an aggregate value of approximately $5.21 billion based on the Merger Consideration, in exchange for equity interests in an indirect parent entity of Parent.

Electronic Arts’ common stock was suspended from trading on Nasdaq before the market opened on August 5, 2026, and a Form 25 has been filed to delist and deregister the shares, with delisting effective ten days after that filing. The company intends to file Form 15 on or around August 14, 2026 to deregister the common stock and suspend periodic reporting. Following the merger and these steps, the Public Investment Fund reports 0.00 shares beneficially owned, representing 0% of the class.

Key Figures

Merger Consideration: $210.00 in cash per share Rollover Shares: 24,807,932 shares Rollover Shares Value: approximately $5.21 billion +4 more

7 metrics

Merger Consideration $210.00 in cash per share Cash paid for each share of Electronic Arts common stock at the Effective Time

Rollover Shares 24,807,932 shares Shares of Electronic Arts common stock contributed by the Public Investment Fund to an indirect parent of Parent

Rollover Shares Value approximately $5.21 billion Aggregate value of the Public Investment Fund’s Rollover Shares based on the $210.00 Merger Consideration

Closing Date August 4, 2026 Date Parent and Merger Sub completed the acquisition of Electronic Arts

Delisting Effective Period ten days Time after Form 25 filing when Electronic Arts common stock will no longer be listed on Nasdaq

Planned Form 15 Filing Date on or around August 14, 2026 Target date for Electronic Arts to seek deregistration and suspend SEC reporting

Post‑merger Beneficial Ownership 0.00 shares; 0% of class Public Investment Fund’s reported beneficial ownership of Electronic Arts common stock after the merger

Key Terms

Merger Consideration, Support and Rollover Agreement, Form 25, Form 15, +1 more

5 terms

Merger Consideration financial

"each share of Common Stock ... converted automatically into the right to receive $210.00 in cash"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

Support and Rollover Agreement regulatory

"pursuant to the Support and Rollover Agreement, immediately prior to the Effective Time"

Form 25 regulatory

"Nasdaq has filed with the SEC a Notification of Removal from Listing ... on Form 25"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

Form 15 regulatory

"the Issuer intends to file with the SEC a certification on Form 15 under the Exchange Act"

A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.

Deregistration regulatory

"requesting the deregistration of the Common Stock ... and the suspension of the Issuer's reporting obligations"

Deregistration is when a company officially removes itself from a stock exchange or regulatory list, meaning it is no longer publicly traded. This can happen if the company is shrinking or choosing to go private, and it matters because it changes how investors can buy or sell its shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/05/2026 - 04:06 PM Accepted by SEC EDGAR 08/05/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What major transaction involving Electronic Arts (EA) was completed?

Electronic Arts was acquired by Parent, with Merger Sub merging into the company on August 4, 2026. Electronic Arts survived as a wholly owned subsidiary, and its public common stock was cancelled in exchange for cash consideration and rollover equity for certain holders.

How much do Electronic Arts (EA) shareholders receive per share in the merger?

Each share of Electronic Arts common stock is entitled to $210.00 in cash, without interest. This Merger Consideration applies to shares issued and outstanding immediately prior to the Effective Time, subject to specified exceptions outlined in the merger terms.

What stake did the Public Investment Fund roll over in Electronic Arts (EA)?

The Public Investment Fund contributed 24,807,932 shares of Electronic Arts common stock as Rollover Shares. Based on the $210.00 Merger Consideration, these shares had an aggregate value of approximately $5.21 billion, exchanged for equity interests in an indirect parent of Parent.

What happens to Electronic Arts (EA) Nasdaq listing after the merger?

Electronic Arts’ common stock was suspended from trading on Nasdaq before the market opened on August 5, 2026. Nasdaq has filed a Form 25, and the common stock will no longer be listed on Nasdaq effective ten days after that filing.

When will Electronic Arts (EA) deregister its shares and stop SEC reporting?

Electronic Arts intends to file Form 15 on or around August 14, 2026. This certification will request deregistration of the common stock under Section 12(g) and suspend reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.

What is the Public Investment Fund’s current beneficial ownership in Electronic Arts (EA)?

The Public Investment Fund now reports 0.00 shares of Electronic Arts common stock beneficially owned. This represents 0% of the class, and it ceased to beneficially own more than five percent of the common stock as of the merger Closing Date.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

ELECTRONIC ARTS INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

285512109

(CUSIP Number)

Turqi Alnowaiser
The Public Investment Fund Tower, King Abdullah Financial District (KAFD)
Al Aqiq District, Riyadh, T0, 13519
966 118135 001

With copies to Joshua N. Korff
Kirkland & Ellis LLP, 601 Lexington Avenue
New York, NY, 10022
(212) 446-4943

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/05/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 285512109

1

Name of reporting person

PUBLIC INVESTMENT FUND

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SAUDI ARABIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: ELECTRONIC ARTS INC.
(c)	Address of Issuer's Principal Executive Offices: 209 Redwood Shores Parkway, Redwood City, CALIFORNIA , 94065.
Item 1 Comment: This Amendment No. 1 (the "Amendment") amends and supplements the statement on Schedule 13D filed by the Reporting Person on September 29, 2025 (the "Schedule 13D"), which amended and superseded the statement on Schedule 13G originally filed by the Reporting Person on February 14, 2022. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment shall maintain the meanings herein as are ascribed to such terms in the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: On August 4, 2026 (the "Closing Date"), Parent and Merger Sub completed the previously announced acquisition of Electronic Arts Inc. (the "Issuer"). Pursuant to the Merger Agreement and upon the terms and subject to the conditions set forth therein, on the Closing Date, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the effective time of the Merger, the "Effective Time"). At the Effective Time, subject to certain exceptions, each share of common stock of the Issuer (the "Common Stock") issued and outstanding immediately prior to the Effective Time was cancelled and converted automatically into the right to receive $210.00 in cash, without interest (the "Merger Consideration"). In addition, pursuant to the Support and Rollover Agreement, immediately prior to the Effective Time, the Reporting Person contributed to an indirect parent entity of Parent its Rollover Shares, consisting of 24,807,932 shares of Common Stock with an aggregate value (based on the Merger Consideration) of approximately $5.21 billion in exchange for equity interests in an indirect parent entity of Parent. Immediately after the foregoing contribution, such Rollover Shares were contributed down the ownership structure until held by Parent, and as a result of the Merger, each share of Common Stock held by Parent automatically converted into one share of common stock of the Surviving Corporation. The Common Stock was suspended from trading on the Nasdaq Global Select Market ("Nasdaq") prior to the opening of trading on August 5, 2026. Nasdaq has filed with the SEC a Notification of Removal from Listing and/or Registration under Section 12(b) of the Act on Form 25 to delist and deregister the Common Stock from Nasdaq. As a result, the Common Stock will no longer be listed on Nasdaq effective ten days after such filing (the "Delisting"). In addition, on or around August 14, 2026, the Issuer intends to file with the SEC a certification on Form 15 under the Exchange Act requesting the deregistration of the Common Stock (the "Deregistration") under Section 12(g) of the Act and the suspension of the Issuer's reporting obligations under Sections 13(a) and 15(d) of the Act as promptly as practicable.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a)-(c) and (e) of the Schedule 13D are each hereby amended and restated in their entirety as follows and as set forth in subsections (b), (c) and (e) hereof: The responses of the Reporting Person set forth in rows (11) and (13) of the cover page of this Amendment are incorporated by reference into this Item 5(a).
(b)	The responses of the Reporting Person set forth in rows (7) through (10) of the cover page of this Amendment are incorporated by reference into this Item 5(b).
(c)	Item 5(c) of the Schedule 13D is hereby amended and supplemented to incorporate by reference the information set forth in Item 4 of this Amendment. Except as set forth in this Amendment, the Reporting Person has not effected any transactions with respect to the Common Stock during the past 60 days.
(e)	In connection with the Merger and as a result of the Delisting and Deregistration, the Reporting Person ceased to beneficially own more than five percent of the Common Stock, effective as of the Closing Date.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PUBLIC INVESTMENT FUND

Signature:	/s/ Turqi A. Alnowaiser
Name/Title:	Turqi A. Alnowaiser / Deputy Governor and Head of International Investments Division
Date:	08/05/2026