Saudi Arabia Completes Historic $55 Billion Acquisition of Electronic Arts
Saudi Arabia's Public Investment Fund, together with a consortium of private equity investors, has completed the $55 billion leveraged buyout of Electronic Arts after securing final regulatory approvals. The deal takes the publisher of EA Sports FC, Battlefield, and The Sims private after 35 years on public markets, with the sovereign wealth fund acquiring a controlling 93 percent stake. The acquisition strengthens Saudi Arabia's position in the global gaming and esports industry and advances its Vision 2030 strategy to diversify the economy through technology investments.