Mergers & Acquisitions · Dec 15, 2025

Electronic Arts is supplementing its definitive proxy statement to address shareholder lawsuits and demand letters…

EAElectronic Arts Inc.

Electronic Arts is supplementing its definitive proxy statement to address shareholder lawsuits and demand letters alleging material omissions regarding its pending merger with a consortium led by the Public Investment Fund and Silver Lake. The supplement provides updated financial forecasts, including projected 2026 net bookings of $7.85 billion and Adjusted EBITDA of $2.76 billion, as well as a Goldman Sachs valuation range of $157 to $236 per share.