Agency: Investment Fund Nears European Approval for Acquisition of Electronic Arts

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Reuters quoted informed sources as saying that a group of investors, including Saudi Arabia's Public Investment Fund, are on track to obtain European Union approval for a $55 billion acquisition of video game developer Electronic Arts under the bloc's rules. The agency added in a statement that the sources also said that the European Commission, the bloc's antitrust and competition regulator, will approve the deal after completing a preliminary review under the Foreign Subsidies Regulation, which is scheduled for July 30. The agency clarified that the deal is expected to receive unconditional approval from the European Union under merger rules after the preliminary review ends on July 22. According to data available on Argaam, Electronic Arts had signed a definitive agreement in September last year to be acquired by an investor consortium including the Public Investment Fund, Silver Lake, and Affinity Partners, in an all-cash deal valuing Electronic Arts at approximately $55 billion. Electronic Arts shareholders approved the sale of the company to the consortium in December last year, for $55 billion, agreeing to the acquisition at a price of $210 per share. The Public Investment Fund holds 24.8 million shares of Electronic Arts, as of the end of the first quarter of 2026, representing 10% of the company's total shares.

Investments of the Public Investment Fund

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