Video game developer and publisher of major sports, action, and entertainment game franchises.Yahoo Finance ↗ea.com ↗
Going private — under a definitive cash take-private. Public holders are cashed out at the deal price, so the stock is pinned near it and there's no forward performance to track; the bull case is about the company's private future. Excluded from the index and host funds.
2 takes · first discussed Oct 3, 2025
Commentary only — they've discussed this name but haven't made a call on it, so we don't attribute any call return to it. The stock's price chart and the takes are below.
The price since they started discussing it. Click a mention to see where it stood — these are comments, not calls.
Chamath argues the EA take-private is a smart deal that gives the company time to clean up its opex model, deploy next-gen AI tools, and find distribution outside Xbox/PlayStation gatekeepers, positioning it as a multi-hundred billion dollar asset in the dominant entertainment category.
Friedberg argues EA's take-private allows a 10-year AI-driven transformation of gaming, the fastest-growing entertainment category, without quarter-to-quarter earnings pressure, making it a compelling long-term platform play.
Both Chamath and Friedberg are bullish on Electronic Arts with high conviction, centering their theses on the strategic merits of taking EA private. Chamath emphasizes the operational upside — cutting opex, deploying AI tools, and escaping the revenue-sharing constraints of Xbox and PlayStation distribution — as the path to making EA a multi-hundred-billion-dollar asset. Friedberg similarly highlights the freedom from quarterly earnings pressure that private ownership (via Saudi/Affinity) affords, while adding a distinct argument that AI will disproportionately benefit gaming relative to other entertainment formats, making EA a compelling long-term, decade-scale AI transformation bet. The two hosts are fully aligned in their bullish stance, with no notable disagreements, though Friedberg places greater weight on AI's structural advantage in gaming while Chamath focuses more on the operational and distribution restructuring opportunity.
Chamath argues the EA take-private is a smart deal that gives the company time to clean up its opex model, deploy next-gen AI tools, and find distribution outside Xbox/PlayStation gatekeepers, positioning it as a multi-hundred billion dollar asset in the dominant entertainment category.
If you do those things, this is a multi-hundred billion dollar asset. And in that, I think it could be just an enormous win. So I think it's very smart.”5:26
Friedberg argues EA's take-private allows a 10-year AI-driven transformation of gaming, the fastest-growing entertainment category, without quarter-to-quarter earnings pressure, making it a compelling long-term platform play.
It allows them to make the important long-term investment in furthering the transition to AI and not have to worry about quarter-to-quarter earnings, but really making a 10-year bet.”10:49