Saudi Fund to Own Almost All of Electronic Arts After Buyout
PositiveFinancial Markets

- The Public Investment Fund (PIF) of Saudi Arabia is poised to acquire a 93% stake in Electronic Arts, necessitating an investment of approximately $29 billion in addition to its current holdings. This buyout reflects the PIF's strategic expansion into the gaming industry, underscoring its growing influence in global markets.
- This significant acquisition positions Electronic Arts under the control of a sovereign wealth fund, which may lead to increased investment in game development and innovation, potentially enhancing the company's competitive edge in the gaming sector.
- The move aligns with broader trends of sovereign funds diversifying their portfolios into technology and entertainment sectors, highlighting a shift in investment strategies as traditional markets evolve. This reflects a growing interest in the gaming industry as a lucrative investment opportunity.
— via World Pulse Now AI Editorial System