MergerAug 3, 2026, 04:13 PM
Electronic Arts Merger with Investor Consortium Expected to Close Aug 4
AI Summary
Electronic Arts announced that its merger with an investor consortium, Oak-Eagle AcquireCo, Inc., is expected to close on or about August 4, 2026, following the receipt of all necessary regulatory approvals. Under the terms, shareholders will receive $210 per share in cash. Concurrently, the company reported strong financial results for the three months ended June 30, 2026, with net revenue increasing to $1,986 million and net income rising to $397 million, resulting in diluted EPS of $1.56.
Key Highlights
- Merger with Oak-Eagle AcquireCo, Inc. expected to close on or about August 4, 2026.
- Each share of common stock will convert into the right to receive $210 in cash.
- All regulatory approvals required to complete the Merger have been obtained as of July 30, 2026.
- Net revenue for the three months ended June 30, 2026, increased to $1,986 million from $1,671 million YoY.
- Net income for the quarter rose to $397 million from $201 million YoY.
- Diluted EPS grew to $1.56 for the quarter from $0.79 YoY.
- Cash and cash equivalents were $2,288 million as of June 30, 2026.
- Cash dividends declared were $0.19 per common share, totaling $48 million.
Price Impact
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