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

- The Public Investment Fund (PIF) of Saudi Arabia is set to acquire a 93% stake in Electronic Arts, requiring an investment of approximately $29 billion in addition to its existing holdings. This significant buyout underscores the growing influence of sovereign wealth funds in the gaming industry.
- This acquisition is pivotal for Electronic Arts as it positions the company for potential growth and expansion under the backing of a major financial entity. The move may also enhance its strategic initiatives in the competitive gaming market.
- The trend of large-scale acquisitions in the tech and gaming sectors reflects a broader strategy among investment firms to diversify portfolios and capitalize on the lucrative entertainment market, as seen in other recent deals like Deutsche Boerse's proposal to acquire Allfunds.
— via World Pulse Now AI Editorial System