Treasury
3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp 3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp 3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp 3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp 3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp 3-MO 3.82% -1bp 6-MO 3.98% +1bp 1-YR 4.04% unch 2-YR 4.23% +1bp 3-YR 4.30% +1bp 5-YR 4.38% +1bp 7-YR 4.52% +1bp 10-YR 4.68% +1bp 20-YR 5.22% +1bp 30-YR 5.21% +1bp
US Treasury par yield curve · Jul 30 · Source: U.S. Treasury
Thursday, July 30, 2026
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Electronic Arts says every regulatory approval for its $210 a share buyout is now in hand, and that it expects to stop being a public company at the close on 4 August

Money & World
The Editorial Team ·
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Photo: Tirachard Kumtanom / Pexels

Four trading days. That is what stands between Electronic Arts and the end of its life as a listed company, on its own estimate, filed at thirteen minutes past four on Thursday afternoon.

The document is one item long. As of 30 July 2026, it says, all regulatory approvals required to complete the merger have been obtained, and the company currently expects the merger to close on or about the close of trading on 4 August 2026. What remains are the customary closing conditions, which the filing mentions and does not enumerate.

The buyers, as the company names them

Parent and merger sub are Oak-Eagle AcquireCo, Inc. and Oak-Eagle MergerCo, Inc., both Delaware corporations formed by an investor consortium. Electronic Arts names three members of it: The Public Investment Fund, private investment funds affiliated with Silver Lake Group, L.L.C., and private investment funds affiliated with Affinity Partners. Merger sub merges into the company, and the company survives as a wholly owned subsidiary of parent.

The merger agreement dates from 28 September 2025. Ten months separate the signature from the sentence saying the approvals are done.

The price is in a different document

Thursday's filing does not state what shareholders receive, which is normal for an Item 8.01 update and unhelpful to anyone reading only this one. The number sits in Section 4.1(a) of the merger agreement, annexed to the definitive merger proxy statement filed on 20 November 2025: each share outstanding immediately before the effective time, other than excluded shares, converts into the right to receive $210.00 per share in cash, without interest.

The same proxy records where the negotiation started. In the background section, the investors' representative asked whether the company would explore a transaction in which a jointly funded acquisition vehicle would acquire all outstanding shares for $200.00 per share in cash.

Ten dollars a share separates the first approach from the agreement.

What the filing does not say

There is no exhibit, no press release and no financial statement attached. Nothing addresses financing, nothing addresses what happens to the company's debt, and nothing addresses the business itself. On the sequencing that matters to a holder, the document is precise about one thing and vague about the rest: the approvals are in, the conditions are not all met, and the date is an expectation rather than a commitment.

The document: Electronic Arts Inc., Form 8-K, accession 0001140361-26-030255, accepted by EDGAR 2026-07-30 at 16:13:34 Eastern, CIK 0000712515, Commission file number 0-17948, principal executive offices 209 Redwood Shores Parkway, Redwood City, California. Item information on the submission header: one entry, Item 8.01 Other Events. Retrieved from EDGAR, extracted to text and read in full on 30 July 2026. No fetch-tool summary was relied on. Item 8.01, verbatim in the parts relied on: 'As previously disclosed, on September 28, 2025, Electronic Arts Inc. ... entered into an Agreement and Plan of Merger ... by and among the Company, Oak-Eagle AcquireCo, Inc., a Delaware corporation ... and Oak-Eagle MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent'; 'Parent and Merger Sub are entities formed by an investor consortium comprised of The Public Investment Fund ... private investment funds affiliated with Silver Lake Group, L.L.C. ... and private investment funds affiliated with Affinity Partners'; and 'As of July 30, 2026, all regulatory approvals required to complete the Merger have been obtained. Electronic Arts currently expects the Merger to close on or about the close of trading on August 4, 2026. Completion of the Merger remains subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the Merger Agreement.' The $210.00 figure does NOT appear in Thursday's 8-K and was taken from a SECOND primary document, the company's definitive merger proxy statement on Schedule 14A, accession 0001140361-25-042872, filed 20 November 2025, document ny20056157x2_defm14a.htm, also retrieved from EDGAR and extracted to text on 30 July 2026. Merger agreement Section 4.1(a) as annexed to that proxy: each share 'shall be converted into the right to receive $210.00 per Share in cash, without interest (the "Merger Consideration")'. The proxy's background of the merger records the earlier approach in these words: the investors 'were interested in understanding whether the Company would explore a transaction in which an acquisition vehicle jointly funded by them would acquire all outstanding shares of the Company for $200.00 per share in cash.' Both documents were read on the identifiers, not on a summary: accession numbers, filing dates and section numbers were matched..

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