Cam Weber appointed chief studios officer, David Tinson promoted to COO as EA goes private

Electronic Arts has completed its $55 billion leveraged buyout, with Saudi Arabia's Public Investment Fund (PIF) now the majority owner.

As EA becomes a private company, stockholders will receive $210 per share in cash, and the developer will be delisted from NASDAQ.

CEO Andrew Wilson has appointed Cam Weber as chief studios officer and David Tinson as COO. Both were also named company presidents.

"Leading this next phase requires bold creativity and exceptional execution," Wilson wrote in a memo to employees. "We have a deeply experienced leadership team across the company, and as our opportunities continue to expand, I'm excited to partner with Cam and David."

"[They] have helped lead EA through some of our most transformative moments. Together, they bring experience, humility, and deep commitment to our teams and players. They know what makes EA special, and together we'll continue building the world's greatest games, communities, and creative culture."

Wilson concluded: "As we begin this next chapter, I'm more optimistic than ever about what we'll create together. The opportunities ahead are extraordinary, and they'll be brought to life by our creativity, our ambition, and our belief in what's possible."

The acquisition was announced on September 29 and led by a consortium of investors, including Saudi Arabia's PIF, Silver Lake, and Affinity Partners.

EA stockholders approved the acquisition in December, and all regulatory approvals were granted last week (July 31).

"Having been a minority investor in the company for more than five years, we have a deep understanding of EA's unique platform, massive global sports and gaming franchises, and iconic IP," said Saudi Arabia's PIF deputy governor and head of international investments Turqi Alnowaiser.

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