---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-045522"
form_type: "8-K"
ticker: "EA"
cik: "0000712515"
company_name: "ELECTRONIC ARTS INC."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:17:19.776746+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# EA supplements merger proxy with financial forecasts and DCF details in response to shareholder lawsuits

## Summary
- Three shareholder lawsuits filed in NY and CA allege omissions in proxy for $18B+ go-private acquisition by PIF/Silver Lake/Affinity.
- Added financial forecasts: Net Bookings $7.85B-$11.25B, Adjusted EBITDA $2.76B-$4.50B for FY2026-FY2031; cash taxes and working capital also shown.
- Goldman Sachs DCF: discount rate 7.5%-9.5%, perpetuity growth 2%-3%, yields present value range of $157-$236 per share.
- Premia paid analysis for all-cash deals ≥$5B: 20%-51% premium range; implied equity value $203-$255 per share.
- Current senior management expected to continue leading surviving corporation; no new exec compensation arrangements yet.

## SEC filing metadata
- accession: 0001140361-25-045522
- form_type: 8-K
- ticker: EA
- cik: 0000712515
- company_name: ELECTRONIC ARTS INC.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712515/000114036125045522/0001140361-25-045522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712515/000114036125045522/ef20061213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-045522
- JSON: https://secwatch.observer/filing/0001140361-25-045522.json
- Plain text: https://secwatch.observer/filing/0001140361-25-045522.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.