The European Commission has approved the acquisition of Electronic Arts (EA) by the Public Investment Fund (PIF) of Saudi Arabia and its consortium for $55 billion, with the transaction expected to close on August 4. EA has confirmed that it has received all necessary regulatory approvals; the deal is being led by the Public Investment Fund, Silver Lake, and Affinity Partners. Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF, stated that PIF is committed to building and supporting an ecosystem that connects players, developers, and IP creators. EA announced that this transaction represents the largest all-cash privatization acquisition in history.
Saudi PIF and Consortium Approve $5.5 Billion Acquisition of Electronic Arts
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Summary
The European Commission has approved Saudi Arabia’s Public Investment Fund, along with a consortium including Silver Lake and Affinity Partners, acquiring Electronic Arts for $5.5 billion. EA confirmed that all regulatory approvals have been secured, with the transaction set to close on August 4. PIF’s Turqi Alnowaiser emphasized the fund’s focus on ecosystem growth, connecting players, developers, and IP creators. EA described the all-cash buyout as the largest privatization in history. On-chain data reflects strong institutional interest in the gaming sector.
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