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Electronic Arts and PIF (Public Investment Fund) logos are seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesBRUSSELS, July 23 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund ​has secured EU antitrust approval for ‌its $55 billion acquisition of video game developer Electronic Arts (EA.O), opens new tab, the European Commission said on Thursday.

Saudi ​Arabia's $1 trillion wealth fund, Jared ​Kushner's Affinity Partners and private equity ⁠firm Silver Lake announced the deal, ​the largest leveraged buyout in history, in ​September last year.

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The Commission, which acts as the EU competition enforcer and had examined the ​deal under its merger rules, said ​the acquisition would not raise competition concerns, confirming a Reuters ‌story.

The ⁠EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted ​to companies ​looking ⁠to acquire rivals in the 27-country bloc and is seen ​as a bigger hurdle.

PIF is ​also expected ⁠to win EU clearance under EU subsidy rules, people familiar with the matter ⁠told ​Reuters last week. The ​Commission's decision is due by July 30.

Reporting by Foo ​Yun Chee; Editing by K irsten Donovan

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Over 10 million people will face a hosepipe ban after Thames Water became the latest water company to announce usage restrictions - as the Environment Agency (EA) warns much of England is at risk of drought.

The UK's largest water provider said the new restrictions will come into effect from 23 July, but that customers in the affected areas should abide by the new rules straight away.

Households have been told not to use hosepipes for non-essential uses, such as watering gardens, cleaning cars, filling up paddling pools or topping up hot tubs.

The decision follows recent periods of record hot weather and increased demand.

Meanwhile, the EA's National Drought Group said parts of southern, central and eastern England have moved closer to drought status, classified as under "prolonged dry weather".

Image: Pic: Environment Agency 'Only 40% of average spring rainfall'

Thames Water said demand was currently around 10% above normal levels across the Thames Valley and Home Counties and 7% above normal in London.

More on Heatwave

Hosepipe ban brought in for more people amid 'decline in river levels'

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In addition, it said the Thames Water region had only received 40% of average spring rainfall this year - with no rainfall so far in July within the Thames catchment area.

Could the new PM nationalise Thames Water?

Met Office figures show that central and South East England have seen the longest unbroken spell of no recorded rainfall this century.

The forecaster warned that during peak periods, water had been used faster than it could be treated and moved through parts of the network, straining local supplies.

Nevil Muncaster, the director of strategic water resources at the company, said the firm "would not be taking this step unless it was necessary".

He added that: "Many customers have already reduced their water use and that support has made a difference. Thank you to everyone who has already changed their daily habits."

Read more on Sky News: What is a 'firewave'?

Image: Thames Water is the seventh company to bring in hosepipe bans. File pic: Reuters 'Difficult combination' of hot and dry weather

After Thames Water announced the latest hosepipe ban, Helen Wakeham, chair of the National Drought Group, said that the hot conditions and lack of rain have made for a "difficult combination, and we are seeing the effects on our farmers, our wildlife, and the amount available for public and business use".

"All sectors are taking action," she said, "and we are grateful to the public for following the restrictions, where in place, to make sure there is enough water for everyone this summer.

"We want everyone to stay safe and hydrated during the hot weather but every drop we can save is a drop more for nature and agriculture."

'Customers using an extra 100 million litres every day'

Thames Water said earlier that customers were using an extra 100 million litres every day - equivalent to adding all the homes in Manchester to the network.

Thames Water's new measures are the latest in a string of hosepipe bans.

Bans are also in place for Southern Water customers in Hampshire and the Isle of Wight, Cambridge Water customers, Affinity Water customers in Bedfordshire, Berkshire, Buckinghamshire, Essex, Hertfordshire, Surrey, and Anglian Water customers in the East of England.

On Monday, South East Water said more than two million people face a hosepipe ban after it was extending water restrictions.

Read more:
Reform deputy urges Burnham to seize control of Thames Water
Thames Water lenders plot legal fight with Burnham over nationalisation

As well as pushing up demand as people consume more water, periods of hot weather can also lead to physical pressure on underground water pipes, leading to higher rates or bursts and leaks.

Thames Water stressed that it was repairing more than 750 leaks every week and continuing its biggest network upgrade in 150 years.

While the company said it plans for periods of dry weather and increased summer demand, it claimed the scale and duration of recent demand is having a "significant impact" on water resources.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) and Battlefield Studios today revealed a first look at Battlefield 6™ and Battlefield REDSEC, delivering the franchise's largest seasonal update to date with Naval Warfare, new content, and a meticulously crafted knockout Top Gun crossover experience in partnership with Paramount Games Studio. The update will include the F-18/Super Hornet and iconic F-14 Tomcat, fan-favorite characters from Top Gun, as well as two new modes.

Electronic Arts Inc. (NASDAQ: EA) today unveiled EA SPORTS™ NHL 27, launching September 11, 2026 on PlayStationÂ5 and Xbox Series X|S. EA SPORTS™ NHL 27

, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").

The previously announced Expiration Time of 5:00 P.M., New York City time, on July 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 30, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to August 4, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.

The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan ‎of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to ‎time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.

The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.

The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.

Title of Notes

CUSIP/ISIN(1)

Outstanding
Principal
Amount

Reference
Security

Reference
Yield

Fixed
Spread
(bps)

Tender Offer
Consideration(2) (3)

Aggregate
Principal
Amount
Tendered

1.850% Senior
Notes due 2031

CUSIP:
285512AE9

ISIN:
US285512AE93

$750,000,000

3.750%
UST due
January 31,
2031

3.626 %

+0

$876.41

$68,819,000

2.950% Senior
Notes due 2051

CUSIP:
285512AF6

ISIN:
US285512AF68

$750,000,000

4.625%
UST due
November
15, 2055

4.705 %

+0

$696.18

$7,917,000

(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of August 4, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.

General Information

The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.

The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.

Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.

To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.

J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.

This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.

Forward-Looking Statements

This press release contains or incorporates by reference certain "forward-looking statements" within ‎the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such ‎as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," ‎‎"believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking ‎statements are only predictions. These statements relate to future events and ‎involve known and unknown risks, uncertainties and other important factors that may cause the ‎actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors ‎could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking ‎statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, ‎you should not rely on these forward-looking statements as guarantees of future events. These forward-looking ‎statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly ‎disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement ‎contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any ‎change of events, conditions or circumstances on which any such statement was based, except as required by law.‎

SOURCE Oak-Eagle AcquireCo, Inc.

Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesBRUSSELS, June 24 (Reuters) - A group of investors including Saudi Arabia's ​Public Investment Fund has ‌sought EU subsidy approval for its $55 billion acquisition of videogame ​developer Electronic Arts (EA.O), opens new tab, a ​European Commission filing showed on ⁠Wednesday.

The deal is also ​being reviewed separately under the bloc's ​merger rules.

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The Commission, which will assess the deal under its Foreign ​Subsidies Regulations aimed at ​preventing unfair non-EU subsidies to companies looking ‌to ⁠acquire rivals in the 27-country bloc or taking part in public tenders, set ​a July ​30 ⁠deadline for its decision.

The EU competition enforcer ​can clear the deal ​unconditionally ⁠after its preliminary review, or it can open a ⁠full-scale ​investigation if ​it has serious concerns.

Reporting by Foo Yun ​Chee; Editing by Jan Harvey

Our Standards: The Thomson Reuters Trust Principles., opens new tab

A group of investors including Saudi Arabia's Public Investment Fund has sought ​EU antitrust approval for its $55 billion ‌acquisition of videogame developer Electronic Arts , according to a European Commission filing on Wednesday.

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- Environics Analytics (EA) today announced that Andrew Tziatis will join the organization as Vice President, Account Management on June 22. He will take on a leadership role within EA’s new Media Activation and Data Collaboration Services team, supporting clients as they connect data to more effective marketing outcomes.

Andrew Tziatis brings extensive agency experience from WPP Media and has been a valued partner to EA for many years. His deep understanding of the agency landscape and client needs will help strengthen EA’s ability to support organizations as they activate data, advance collaboration strategies and measure outcomes.

“We’re delighted that Andrew’s joining us. His perspective and experience make him a strong addition to our team,” said David Phillips, Chief Media & Activation Officer at EA. “He understands both the opportunities and the challenges our clients face and will help us continue to deliver measurable value.”

About Environics Analytics

Environics Analytics (EA) is the premier marketing, information, and analytical services company in Canada, helping thousands of customers across every industry sector turn data and analytics into strategy, insights and results. Established in 2003, we specialize in developing and using best-in-class data, analytics expertise, and purpose-built software (including our software-as-a-service platform, ENVISION) to address key challenges in areas such as consumer profiling and segmentation, multichannel media planning and execution, trade area analysis, merchandising and fundraising strategies, government services planning and site location decision-making. Environics Analytics is also the exclusive provider of LiveRamp technology and services in Canada, helping organizations with a variety of data collaboration and outcome measurement use cases. Environics Analytics is ISO 31700 Privacy-By-Design certified and is an affiliate of Bell Canada.

Contact: David Phillips

Chief Media and Activation Officer, Environics Analytics

[email protected]

Oak-Eagle AcquireCo, Inc. Announces Extension of the Expiration Time and Settlement Date for the Previously Announced Tender Offers and Consent Solicitations for Any and All of Electronic Arts Inc.'s Oak-Eagle AcquireCo, Inc. Announces Extension of the Expiration Time and Settlement Date for the Previously Announced Tender Offers and Consent Solicitations for Any and All of Electronic Arts Inc.'s 1.850% Senior Notes Due 2031 and 2.950% Senior Notes Due 2051 PR Newswire

WILMINGTON, Del., June 15, 2026

, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").

The previously announced Expiration Time of 5:00 P.M., New York City time, on June 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 15, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to July 20, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.

The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan ‎of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to ‎time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.

The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.

The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.

Title of Notes

CUSIP/ISIN(1)

Outstanding
Principal
Amount

Reference
Security

Reference
Yield

Fixed
Spread
(bps)

Tender Offer
Consideration(2) (3)

Aggregate
Principal
Amount
Tendered

1.850% Senior
Notes due 2031

CUSIP:
285512AE9

ISIN:
US285512AE93

$750,000,000

3.750%
UST due
January 31,
2031

3.626 %

+0

$875.82

$68,586,000

2.950% Senior
Notes due 2051

CUSIP:
285512AF6

ISIN:
US285512AF68

$750,000,000

4.625%
UST due
November
15, 2055

4.705 %

+0

$695.96

$7,917,000

(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of July 20, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.

General Information

The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.

The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.

Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.

To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.

J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.

This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.

Forward-Looking Statements

This press release contains or incorporates by reference certain "forward-looking statements" within ‎the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such ‎as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," ‎‎"believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking ‎statements are only predictions. These statements relate to future events and ‎involve known and unknown risks, uncertainties and other important factors that may cause the ‎actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors ‎could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking ‎statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, ‎you should not rely on these forward-looking statements as guarantees of future events. These forward-looking ‎statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly ‎disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement ‎contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any ‎change of events, conditions or circumstances on which any such statement was based, except as required by law.‎

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SOURCE Oak-Eagle AcquireCo, Inc.

Electronic Arts, the digital interactive entertainment company, announced EA Advertising, a new way for brands to connect with fans through its portfolio of games, the company said in a press release Monday.

EA Advertising is expanding EA's ecosystem by enabling brands to integrate directly into gameplay through dynamic, real-time placements, from stadium signage to custom in-game content.

In these interactive gameplay environments, brands become part of the game itself, reflecting how players engage with advertising in real-world contexts through digital ad boards, scoreboards, and brand broadcast overlays.

According to the company, EA has reached over 120 million players each month in 2026, playing the equivalent of 23,000 NFL seasons every day in Madden NFL and completing more than 1 billion matches each month in EA SPORTS FC.

EA is hoping to create meaningful opportunities for brands to connect with its audience through authentic, interactive experiences.

"With EA Advertising, we're helping brands become part of those moments in ways that are relevant and built for players." David Tinson, Chief Experience Officer at Electronic Arts, said in the release.

EA Advertising partners directly with brands to create custom integrations for games and audiences, with in-game challenges, reward-driven objectives, custom vanity items, and branded content.

Advertisers can now collaborate with EA in a privacy-safe way to improve targeting and gain deeper campaign insights using its new proprietary ad server. EA ensures ads are viewable, delivered to real audiences, and measured using industry-accredited standards.

A new partner programEA has also launched the EA SPORTS Partner Program. The program gives brands access to one of the world's most engaged sports communities through opportunities ranging from live events to in-game integrations, live service activations, creator tools, social play experiences, and community-driven programs.

EA has partnered with brands in the past to deliver in-game experiences, including Visa, Lowe's, Red Bull, Xfinity, Peacock, and Mountain Dew.

Last year, EA announced it would go private after being acquired by the Public Investment Fund of Saudi Arabia, Silver Lake, and Affinity Partners in an all-cash deal worth $55 billion.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--EA SPORTS FC™ and LALIGA have unveiled a newly refurbished community football pitch in the South Bronx, New York, as part of FC FUTURES – EA SPORTS’ grassroots initiative to expand access to the game and connect football communities around the world.

Marking the 10th pitch delivered through the program with LALIGA globally, the project brings together soccer, creativity and community to create a safe, inclusive space for young people and local families to learn through play. Developed in collaboration with local partners and featuring a custom design by Bronx artist BG183, the pitch is connected to P.S./M.S. 31 The William Lloyd Garrison School and has been delivered alongside love.fútbol and South Bronx United to support long-term impact in the community.

Located in the South Bronx, the pitch has been designed as a multi-use space that goes beyond the game, supporting school physical education and daily recess, alongside football programming, tournaments and wider community events. Developed with Urban Soccer Park, the small-sided format enables year-round use and flexible programming for players of all ages.

The pitch’s artistic identity has been created by Sotero Ortiz, known as BG183 — a pioneering graffiti artist born and raised in the South Bronx and a founding member of Tats Cru. His design draws on the four elements of hip-hop and everyday life in the borough, capturing the energy of street football and local culture, and creating a space that reflects the identity of the community it serves.

LALIGA Ambassador Patrick Kluivert joined the inauguration, celebrating the opening with local children and families. He commented: “Soccer has the power to connect people everywhere, and that is what makes initiatives like this collaboration with EA SPORTS FC FUTURES and LALIGA so special. Seeing a space like this open in the South Bronx, with so much personality and meaning for the local community, is truly inspiring. I hope every child who plays here feels that this pitch belongs to them — a place where they can dream big, enjoy the game and create unforgettable memories.”

Beyond the pitch itself, the project includes a long-term education and football program delivered with South Bronx United, using soccer as a platform for academic support, mentoring and leadership development. The space will support more than 500 local students through school use, alongside year-round programming and community events designed to create lasting impact.

James Salmon, Senior Director, Partnerships Marketing, EA SPORTS FC, said: “FC FUTURES is about connecting our platform with real world soccer to create opportunities for the next generation. While EA SPORTS FC lives in the game, our ambition goes beyond it - working with partners like LALIGA and local communities to create spaces where football can be played and experienced physically. Projects like this in the South Bronx show how football can bring people together and create lasting impact.

“Through FC FUTURES, EA SPORTS FC™ is helping to build a global platform that connects the digital and real-world game to expand access to football. This work developed in partnership with LALIGA now spans multiple regions across Europe, Africa, Asia and the Americas, alongside complementary programs including equipment donations and youth initiatives such as Next Gen Draft. As part of this, BG183’s distinctive artwork will also feature in-game through a newly released kit inspired by the South Bronx pitch, further connecting players around the world to the culture and creativity behind the project.”

Jorge de la Vega, LALIGA’s Executive Director of Business, said: “The FC FUTURES initiative reflects our belief that the future of soccer is built from the grassroots level up. This project in New York is especially meaningful because it brings together access to sport, long-term community impact and a strong local identity. Together with EA SPORTS FC and our community partners, we want this pitch to become a place where young people can play, grow and find new opportunities through football.”

The project reflects the ongoing commitment from EA SPORTS FC to growing the game globally, connecting digital and real-world football, and working with league partners like LALIGA to expand access, celebrate local culture and create new opportunities for communities to play and engage with the sport.

A selection of assets from the pitch unveiling are available here: https://eapressportal.com/download/65377/dd1318b9fcd57700c61bb6bcbcaadfb95963e895

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

Category: EA SPORTS

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Long-term Agreement Secures the Future of Korea’s Most Popular Football Game

TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in online games, announced an agreement with Electronic Arts (EA) to extend their partnership for publishing the FC franchise in Korea. The long-term agreement secures the future of Korea’s most popular football franchise.

Under the agreement, Nexon and EA will expand investment in growing the EA SPORTS FC™ fanbase and collaborate to continuously deliver authentic experiences.

“Nexon’s partnership with EA is based on a shared commitment to providing a highly innovative and authentic football experience, tailored to meet the unique style and preferences of Korean players,” said Junghun Lee, President and CEO of Nexon. “At the foundation of this success is a thriving community of players who share their passion with friends and family.”

First released for PC in 2013, the free-to-play online game, EA SPORTS FC™ ONLINE, has become a cultural phenomenon in Korea with millions of registered players. In 2020, Nexon introduced a standalone mobile game for the Korean market, EA SPORTS FC™ MOBILE. The decade-long success of the game is attributable to great design in the core game by EA, and Nexon’s live operations support as well as hyperlocalization – a practice that adds content, promotions, and community management specifically tailored for Korean players.

About NEXON Co., Ltd. https://www.nexon.co.jp/en/

Founded in 1994, NEXON Co., Ltd. (Nexon) (3659.TO) is a global leader in the production, development and operation of online games. First listed on the Tokyo Stock Exchange in December 2011, Nexon has since been listed on JPX400, Nikkei Stock Index 300, and Nikkei 225. Nexon currently has more than 40 games operating in more than 190 countries on PC, console, and mobile. Major game franchises include MapleStory, Mabinogi, and Dungeon&Fighter. In 2024, the company set a multi-year IP Growth Initiative that details vertical growth with new experiences in existing major franchises and horizontal growth with the creation of new pillars in the company’s IP portfolio.

More News From NEXON Co., Ltd.

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Investors in Electronic Arts Inc. (EA - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $75.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Electronic Arts, but what is the fundamental picture for the company? Currently, Electronic Arts is a Zacks Rank #3 (Hold) in the Gaming industry that ranks in the Top 40% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his earnings estimate for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 77 cents per share to 75 cents in that period.

Given the way analysts feel about Electronic Arts right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

EA SPORTS™ today revealed the covers of EA SPORTS™ College Football 27 ahead of the game’s full reveal this Thursday. Oregon quarterback Dante Moore, Miami wide receiver Malachi Toney, and Ole Miss running back Kewan Lacy shine on the Standard Edition cover as a trio of electrifying playmakers who stood out in a competitive 2025-2026 college football season. The Deluxe Edition is joined by prominent defenders Texas linebacker Colin Simmons and Notre Dame cornerback Leonard Moore, alongside USC quarterback Jayden Maiava, national championship-winning coach Curt Cignetti, several beloved mascots and iconic gameday gear, celebrating the breadth of successful collegiate programs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602146245/en/

Standout athletes Kewan Lacy, Malachi Toney and Dante Moore on the cover of College Football 27.

"College Football 27 promises to be an incredible year, one in which we're able to start reflecting the modern era of college football more authentically and with more depth for our players than ever before," said Evan Dexter, VP of Franchise Strategy and Marketing. "Our cover athletes – Kewan Lacy, Malachi Toney, and Dante Moore – represent that modern era by transcending programs and drawing in generations of college football fans, regardless of their school pride. We built the game for those fans and we can't wait for them to see the full reveal of College Football 27 on June 4."

The three Standard Edition athletes delivered standout performances to earn them the coveted cover spot. Moore capped the season with over 3,500 yards and 30 touchdowns, leading the Ducks deep into the playoffs. Toney, who began his collegiate career at just 17 years old, shattered the Hurricanes’ all-time single-season receptions record with 109 catches for more than 1,200 yards and starred in the National Championship Game. Lacy was a force during his first season with the Rebels, rushing more than 1,500 yards and earning 24 touchdowns.

“Being on the cover of EA SPORTS College Football 27 is an absolute privilege after growing up a fan of the game,” said Moore. “Coach Lanning and The Duck were on last year's Deluxe Edition, and now to carry that legacy forward and represent Oregon myself makes me really proud.”

“Having this opportunity after only my freshman year means everything to me. I’m incredibly grateful for the support of the Miami community, and this honor of knowing EA believes in what I’m capable of deepens my drive to show up for the program and the fans who have believed in me from day one,” said Toney.

“I would play this game for hours with my family growing up, so now being on the cover of EA SPORTS College Football 27 representing Ole Miss feels surreal,” said Lacy. “It’s truly a once-in-a-lifetime opportunity.”

The Deluxe Edition cover celebrates some of the most notable programs in College Football today. The Longhorns’ edge rusher Colin Simmons headlines one of the most dominant defenses in the country after recording 43 tackles, 12 sacks and three forced fumbles last season, while Notre Dame standout Leonard Moore became an All-American cornerback in just his second season with the Fighting Irish. Jayden Maiava is one of the most anticipated quarterbacks to watch this season after scoring 30 touchdowns for the Trojans in 2025. Joining the athletes is Coach Curt Cignetti, who guided the Indiana Hoosiers to their first-ever national championship, representing coaching brilliance and vision that carries beyond the field. Mascots from several colleges and iconic gameday imagery from across the country also appear on the Deluxe Edition cover, honoring the traditions and pageantry that make the game unlike any other sport.

More College Football 27 details will be shared this Thursday, June 4, on the @EAMaddenNFL YouTube channel. Fans can stay up to date by visiting the official website or following along on social media (Instagram, X, YouTube, and TikTok) for all the latest announcements.

EA Play members can step into the modern era in EA SPORTS™ College Football 27 with the EA Play* 10-hour Early Access trial, starting July 2, 2026. EA Play Pro members can play the EA Play Pro Edition starting July 6, 2026. Members also score recurring monthly College Ultimate Team™ Packs, as well as receive 10% off EA digital content including pre-orders, game downloads, Season Passes, College Football Points, and DLC. For more information on EA Play, please visit the EA Play website.

*Conditions, limitations and exclusions apply. See tos.ea.com/legalapp/eaplay/US/en/PC/ for details.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602146245/en/

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Williams Is the First Chicago Bears Player To Appear On A Madden NFL Cover

Fans Can Expect Full Game Reveal on Thursday, June 4, and Worldwide Launch on Aug. 13

REDWOOD CITY, Calif.--(BUSINESS WIRE)--EA SPORTS™ announced today that Chicago Bears quarterback Caleb Williams will grace the cover of EA SPORTS™ Madden NFL 27, making him the first player in Chicago Bears history to do so.

Williams’ record-setting season, playoff victory and NFL Moment of the Year — his walk-off, game-winning 46-yard touchdown pass in overtime against the Green Bay Packers — make him one of the most compelling quarterbacks to watch in 2026. Off the field, he’s known as one of the sport’s most distinctive cultural presences, styling his own gameday looks with unique nail art throughout the season. Williams appears on the Standard Edition cover showcasing his signature jump pass, while the Deluxe Edition cover features his iconic celebration that granted him the “Iceman” nickname and a custom nail set featuring the EA SPORTS logo among others.

“When I received the call from Madden, it was like my childhood dream was coming true. Being on the cover of Madden NFL 27 is a full circle moment,” Williams said. “I grew up playing Madden and imagining what it would be like to be part of the game. I know fans are going to love what’s new in this year’s game, and I’m looking forward to getting my rating up to a 99 by the end of the season.”

Williams enters this season with a 90 overall rating in the game after throwing for 3,942 yards and 27 touchdowns last season, setting the Chicago Bears' single-season franchise record for passing yards, and leading the team to their first division title since 2018 and their first playoff victory since 2010.

"Caleb Williams is what a true Face of the Franchise looks like — the culmination of many moments in the Chicago Bears' incredible history that has led them to their electric, generational quarterback," said Evan Dexter, VP of Franchise Strategy and Marketing. "Madden NFL 27 aims to put more of those critical moments and key management decisions, with meaningful consequences that echo across the NFL, in the hands of our players so that they can build a league that's truly their own. Just like Caleb, the future of football in Madden NFL 27 is thrilling and more dynamic than ever before. We can't wait for fans to see it on June 4."

New features coming to Madden NFL 27 will be revealed this Thursday, June 4, on the @EAMaddenNFL YouTube channel. Follow the Madden NFL 27 journey on the official website and social channels (Instagram, X, TikTok, YouTube) for the latest updates.

EA Play members can run the league one decision at a time in EA SPORTS™ Madden NFL 27 with the EA Play* 10-hour Early Access trial, starting Aug. 6, 2026, while EA Play Pro members can play the EA Play Pro Edition starting Aug. 10, 2026. Members also score recurring monthly Ultimate Team™ Packs, as well as receive 10% off MVP+ Membership, EA digital content including pre-orders, game downloads, Season Passes, Madden Football Points and DLC. For more information on EA Play, please visit the EA play website.

*Conditions, limitations and exclusions apply. See tos.ea.com/legalapp/eaplay/US/en/PC/ for details.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

More News From Electronic Arts Inc.

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Experience the Definitive New Era of Formula 1: EA Sports™ F1® 25 2026 Season Pack Available Now Electronic Arts Inc. (NASDAQ: EA) invites players to hop into the driver's seat for the definitive new era of Formula 1® Racing: the F1® 25: 2026 Season Pack*, available today on PlayStation®5, Xbox Series X|S, and PC. To mark the launch, EA SPORTS™ F1 has released a special video of the brand-new MADRING Circuit featuring seven-time World Champion Lewis Hamilton and global football icon Zlatan Ibrahimović going head-to-head in-game, giving fans an exclusive first look at the action. Watch the video HERE.

As the official video game of the FIA Formula One World Championship, the F1® 25: 2026 Season Pack ushers in the next chapter of the beloved racing game, with all-new rules and regulations, cars, drivers, teams and gameplay features for the 2026 F1® Season, including the highly anticipated arrival of the FORMULA 1 TAG HEUER GRAN PREMIO DE ESPAÑA 2026. This year, the F1® grid expands to eleven teams, introducing Cadillac, the first major American car manufacturer to join the ranks of F1®, and introducing Audi’s iconic brand and motorsport heritage. The competition heats up even more this year with all-new Overtake Mode and Active Aerodynamics, which will have drivers racing wheel-to-wheel to the finish line.

“We designed the F1® 25: 2026 Season Pack to truly embody a new era of F1,” said Lee Mather, Senior Creative Director, Codemasters. “We’re putting players in the driver’s seat to rewrite the grid their way, from strategically leveraging Overtake Mode and Active Aerodynamics to propel yourself to the finish line, to becoming the first to put the pedal to the metal on the new MADRING Circuit, there are so many ways to make the competition your own this year.”

EA SPORTS™ F1® 25: 2026 Season Pack introduces the following new gameplay features for the authentic racing experience of the 2026 F1® season, with new teams, drivers, and enhanced vehicles for unmatched competition:

The Spanish Grand Prix Debuts With The All-New MADRING Circuit - Get ready to race at MADRING, the first new F1® circuit since 2023, available only in the F1®25: 2026 Season Pack. Set in Madrid, this hybrid street and purpose-built track will challenge players in high-speed action across 5.4 km and 22 adrenaline-filled corners. The MADRING circuit is only available to drive with the 2026 cars, as this track was designed specifically for the new season. Hit The Track With The New Cadillac and Audi Revolut F1® Teams - The F1® grid expands to eleven teams in 2026, and EA SPORTS™ F1® 25: 2026 Season Pack gives players the opportunity to get behind the wheel with the new challengers. Experience the all-American thrills of Cadillac, the first major American car manufacturer to join the ranks of F1®, or jump into the Audi Revolut machines, introducing Audi’s iconic brand and motorsport heritage. New Drivers and Returning Fan Favorites - Dive into the latest driver line-ups, with fan favorites Valtteri Bottas and Sergio Perez headlining the all-new Cadillac team to bring the US team invaluable experience in its inaugural year. At Racing Bulls, Arvid Lindblad joins Liam Lawson, while Isack Hadjar steps in to partner Max Verstappen at Oracle Red Bull Racing. Drive the Next-Generation of F1® - Whether using a gamepad or a wheel, players will feel the thrill of the 2026 F1® grid with lighter, smaller cars** and cutting-edge active aerodynamics for a more responsive drive. This year, players have a bigger role to play than ever before in making even more tactical and strategic decisions throughout a race. Choose when to deploy the new Overtake Mode for a jaw-dropping boost of power, perfect for strategic overtakes and intense battles. Plus enjoy real-time adjustments to your front and rear wings with Active Aerodynamics, optimizing your speed in every corner and straight. For added immersion on the track, the 2026 Season Pack’s new assists can help manage everything behind the scenes. Players will experience new features for the 2026 season across Driver Career, My Team, Grand Prix, Time Trial, Split-Screen, and Unranked Multiplayer modes. In Driver Career and My Team, players can start a new 2026 save to get the latest teams, drivers, rules, fresh objectives, and an updated calendar featuring the new Spanish Grand Prix. In My Team, players can customize their squad to be the twelfth on the grid, as the official grid expands to eleven teams in 2026, with the introduction of the all-new Cadillac and Audi teams.†

As part of the launch of the F1® 25: 2026 Season Pack, all F1® 25 players will see a new in-game takeover and key art highlighting the new content available to purchase from June 3, 2026.

EA Play Pro members unlock unlimited access to the F1 25: 2026 Season Season Pack. Additionally, EA Play members score a monthly 5000 XP boost, and can save 10% on EA digital purchases, including PitCoin, and the F1 25: 2026 Season Pack. More details are available on EA Play.

For more information, visit https://www.ea.com/games/f1/f1-25.

Subscribe to the official YouTube channel for all trailers and videos, and join the EA SPORTS F1® community on TikTok and Instagram. You can also follow us on X at @easportsf1 to stay up to date on the latest news.

PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com

*Requires F1® 25 (sold separately), all game updates, internet connection & EA Account. Internet connection & all game updates required to access certain content.

**Some final car models will release in a post-launch update; internet connection required.

†Custom teams and career saves from the 2025 season do not transfer to the 2026 season. Konnersport or APXGP teams cannot be added to the 2026 season of Driver Career or My Team.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

F1® 2025 Game - an official product of the FIA FORMULA ONE WORLD CHAMPIONSHIP. © 2025 Electronic Arts Inc. EA, EA SPORTS, the EA SPORTS logo, and Codemasters are trademarks of Electronic Arts Inc. The F1 FORMULA 1 logo, F1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. The F2 FIA FORMULA 2 CHAMPIONSHIP logo, FIA FORMULA 2 CHAMPIONSHIP, FIA FORMULA 2, FORMULA 2, F2 and related marks are trademarks of the Federation Internationale de L’Automobile and used exclusively under license. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603719812/en/

It has been about a month since the last earnings report for Electronic Arts (EA - Free Report) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Electronic Arts due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Electronic Arts Inc. before we dive into how investors and analysts have reacted as of late.

Electronic Arts Q4 Earnings Miss Estimates, Revenues Increase Y/YElectronic Arts reported fourth-quarter fiscal 2026 earnings of $1.59 per share, increasing 3.2% year over year but missing the Zacks Consensus Estimate of $2.25 by 29.3%.

Revenues increased 12% year over year to $2.12 billion and beat the consensus mark of $2.00 billion.

For the fourth quarter of fiscal 2026, EA’s net bookings were $1.86 billion, up 3.6% year over year. Management highlighted Battlefield 6’s record fiscal-year performance and noted Apex Legends delivered its strongest net bookings in the fourth quarter of fiscal 2026, alongside growth across Global Football properties.

Q4 Details of EAEA’s full-game revenues (28.7% of total revenues) increased 39.4% year over year to $609 million. Full-game download revenues rose 43.9% year over year to $528 million. Packaged goods increased 15.7% year over year to $81 million.

Live services and other revenues (71.3% of total revenues) increased 3.6% year over year to $1.51 billion.

By platform, console revenues increased 9.4% year over year to $1.29 billion. PC & Other revenues jumped 30.3% to $555 million (from $426 million). Mobile revenues declined 5.2% to $272 million.

EA Expands Profit Despite Higher Operating CostsEA’s cost discipline showed up in margins even as spending increased. GAAP gross profit increased 15% year over year to $1.76 billion. Gross margin expanded 220 basis points on a year-over-year basis to 82.8%.

Operating expenses increased 5.3% year over year to $1.19 billion. As a percentage of revenues, operating expenses contracted from 59.7% in the year-ago quarter to 56.2%. Research and development climbed to $732 million, while marketing and sales rose to $254 million.

Even with these increases, operating income on a GAAP basis improved to $564 million, increased 42.8% year over year, lifting the operating margin to 26.6%.

Electronic Arts' Balance Sheet & Cash FlowAs of March 31, 2026, EA had $2.98 billion in cash and short-term investments compared with $2.9 billion as of Dec. 31, 2025.

Net cash provided by operating activities was $580 million for the quarter and $2.55 billion for the trailing 12 months. Likewise, free cash flow was $519 million for the quarter and $2.32 billion for the trailing 12 months.

Deferred net revenues tied to online-enabled games rose to $2.23 billion, reflecting the company’s ongoing exposure to live services and digitally delivered content recognition timing.

EA declared a quarterly cash dividend of 19 cents per share, payable June 17, 2026, to its shareholders of record as of May 27.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.

VGM ScoresCurrently, Electronic Arts has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Electronic Arts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerElectronic Arts belongs to the Zacks Gaming industry. Another stock from the same industry, Red Rock Resorts (RRR - Free Report) , has gained 7.5% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

Red Rock Resorts reported revenues of $507.32 million in the last reported quarter, representing a year-over-year change of +1.9%. EPS of $0.73 for the same period compares with $0.80 a year ago.

Red Rock Resorts is expected to post earnings of $0.33 per share for the current quarter, representing a year-over-year change of -65.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -21.3%.

Red Rock Resorts has a Zacks Rank #5 (Strong Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

Watch the Official Gameplay Trailer Showcasing a New Take on Turn-Based Tactics Games; Pre-Orders Now Available for PC, PlayStation 5, Xbox Series X|S

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) today announced that Star Wars Zero Company™, a single-player turn-based tactics game, developed by Bit Reactor in collaboration with Lucasfilm Games, will be available on PC, PlayStation® 5 and Xbox Series X|S starting August 27, 2026. Pre-Orders are now available on all platforms.

A new gameplay trailer delivers an action-packed look at the game’s gritty, cinematic take on turn-based tactics while previewing an original Star Wars™ story featuring new and returning Clone Wars characters.

Star Wars Zero Company’s visual storytelling and gameplay will immerse players in a tense, clandestine conflict taking place in the shadows of the Clone Wars. Players will step into the shoes of former Galactic Republic officer Hawks and current leader of Zero Company. Zero Company is an unconventional outfit of professionals for hire hailing from across the galaxy, including a Clone Trooper, a Mandalorian of the ancient Clan Verminoth, a Jedi Padawan and more. Together, Zero Company must hunt down and stop Kundri Fathom, leader of the Separatist-aligned cult, the Infinite Coil.

“Our team has poured everything we love about Star Wars into Zero Company,” said Greg Foertsch, CEO and Creative Director at Bit Reactor. “The bold characters, powerful storytelling, striking settings and the sense of heart beneath the battles in Star Wars has helped us create an experience that pushes the tactics genre forward by combining deep gameplay with cinematic elegance. We’ve worked hand-in-hand with Lucasfilm Games to create an authentic Star Wars story packed with unique new characters, robust character customization, a new ship, Separatist Droids and much more, all rooted in the conflict of The Clone Wars.”

“Star Wars Zero Company delivers an entirely new experience in the galaxy and for our fans,” said Douglas Reilly, VP and GM of Lucasfilm Games. “It pairs cinematic storytelling with strategic gameplay in a way that feels fresh for the franchise. Some of the most interesting stories come from new perspectives, and Zero Company explores the Clone Wars from deep within the shadows of the conflict, through a lens we haven’t seen before, while still feeling completely authentic to the world fans know.”

From Zero Company’s base of operations, The Den, players will recruit and progress skills of Operators, upgrade facilities, purchase new equipment and select their next mission from the holotable. On the battlefield, players will develop bonds between authored characters and player-created Operators, unlocking new support abilities, including cross-training benefits that improve their abilities and stats. Players will navigate an ever-changing galaxy map featuring more than 150 planets where each choice can change how their journey unfolds.

In Star Wars Zero Company customization is central to the experience. Hawks and recruited Operators can be created from eight iconic Star Wars species: Devaronian, Human, Neimoidian, Ovissian, Togruta, Twi’lek, Weequay and Zabrak. Voices, outfits and many other aspects of Hawks and an Operator's appearance can be customized along with specializations and talents over time. It’s up to players to unite their Operators and form the best squad for the mission at hand.

Players can pre-order* Star Wars Zero Company Standard Edition for $49.99 SRP on PC and $59.99 SRP on PlayStation® 5 and Xbox Series X|S. The Deluxe Edition is available for $59.99 SRP on PC and $69.99 SRP on consoles and unlocks two additional unique cosmetic packs and five painted weapon themes inspired by the Clone Wars era. All pre-orders grant access to the Crystalline Astromech Cosmetic Pack, which includes an R3 droid, translucent “crystalline” astromech heads for the R4 and R5 droid variants, and the BR-1 droid, originating in Star Wars Zero Company. Deluxe Edition pre-orders include all pre-order bonus content in addition to the Deluxe Edition exclusive content.

Alongside the game’s launch, the soundtrack for Star Wars Zero Company, featuring an original score by GRAMMY® award-winning composer Gordy Haab, will be released August 27 via Walt Disney Records.

Follow EA Star Wars on X, Facebook, YouTube, and Instagram to stay up to date as more information is revealed.

PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com

About Bit Reactor

Bit Reactor, LLC was created by longtime strategy game developers as an independent, developer-first game studio creating and perfecting experiences that blend game design, art and technology with a passion for making something great. The talented team is composed of some of the minds behind decorated titles like XCOM, Civilization, Gears of War, Elder Scrolls Online, and more. Follow Bit Reactor on X, Facebook, and Instagram for more.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

Lucasfilm, the Lucasfilm logo, STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM 2026 Lucasfilm Ltd. All rights reserved.

* Conditions and restrictions apply. See https://www.ea.com/games/starwars/zero-company/disclaimers for details.

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