Shareholders of Electronic Arts (EA.US) have voted in favor of a $55 billion acquisition deal led by Saudi Arabia's Public Investment Fund (PIF). The California-based gaming giant, known for titles like EA SPORTS FIFA and Battlefield, saw investors approve the buyout offer of $210 per share on Monday.

This acquisition marks a pivotal moment for the 40-year-old video game publisher. PIF has been aggressively investing in interactive media to diversify its portfolio beyond oil. Privatization will allow EA's developers to focus on high-quality game production without quarterly performance pressures from public investors.

Previously, EA projected fiscal 2026 net bookings of approximately $7.85 billion, below analysts' average estimate of $8.06 billion. The company also expects full-year adjusted EBITDA of $2.76 billion, missing the consensus forecast of $2.93 billion, citing weak consumer spending and high console prices dampening demand.