ELECTRONIC ARTS INC.

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.

Electronic Arts Inc. announced that all regulatory approvals required to complete its merger with Oak-Eagle AcquireCo, Inc. and Oak-Eagle MergerCo, Inc. have been obtained. The company expects the merger to close on or about August 4, 2026. Upon completion, Electronic Arts will become a wholly owned subsidiary of Parent, an entity formed by an investor consortium including The Public Investment Fund, Silver Lake, and Affinity Partners.

Electronic Arts detailed its corporate governance and executive compensation for fiscal year 2026 in its 10-K/A filing. The company's annual bonus program for NEOs saw financial performance funded at 106.2% of target, driven by non-GAAP net revenue of $8.026 billion. Business performance achieved a 110% funding percentage based on strategic objectives, including successful game launches and GenAI strategy execution. The filing also outlined the Board of Directors' structure, committee responsibilities, and compensation philosophy, noting 90% stockholder support for the 2025 say-on-pay proposal.

Electronic Arts entered into a Merger Agreement on September 28, 2025, to be acquired by a consortium including the Public Investment Fund, Silver Lake Group, and Affinity Partners. The closing is subject to regulatory approvals and other conditions, with potential delays or termination. The company faces risks including financial and operational disruptions, inability to retain key personnel, restrictions on business actions, and significant transaction costs, including a potential $1.0 billion termination fee. EA's business relies heavily on live services, which constituted 71% of its fiscal year 2026 net revenue, and key franchises like EA SPORTS FC.

Electronic Arts Inc. announced record financial results for the fourth quarter and fiscal year ended March 31, 2026. The company achieved record net bookings of $8.026 billion for FY26, a 9% increase year-over-year, and operating cash flow of $2.553 billion, up 23%. For Q4 FY26, net revenue rose 12% to $2.120 billion, with diluted EPS increasing 85% to $1.81. Additionally, EA declared a quarterly cash dividend of $0.19 per share, payable on June 17, 2026, and provided an update on its pending $55 billion acquisition by an investor consortium.