Saudi Arabia's public investment fund to own almost all of EA under buyout plan, report says
PositiveEntertainment
- Saudi Arabia's Public Investment Fund (PIF) is set to acquire a 93.4% stake in Electronic Arts (EA), a leading video game company, as reported by the Wall Street Journal. This buyout plan marks a significant move in the gaming industry, reflecting PIF's growing interest in entertainment and technology sectors.
- This acquisition would greatly enhance PIF's influence in the global gaming market, positioning EA under its control and potentially leading to new investments and innovations within the company. Such a stake could also reshape EA's strategic direction and business operations.
- The buyout aligns with PIF's broader strategy of diversifying its investments in the entertainment sector, as evidenced by its recent acquisition of a 54% stake in MBC Group. This trend highlights a growing trend among sovereign wealth funds in the MENA region to invest heavily in media and entertainment, signaling a shift in the landscape of global entertainment investments.
— via World Pulse Now AI Editorial System

