EU Commission Approves Saudi PIF-Led $55 Billion Bid for Electronic Arts

The European Commission has approved a Saudi Public Investment Fund-led consortium’s proposed $55 billion acquisition of Electronic Arts, removing a major antitrust hurdle for the deal. The approval means regulators do not expect the takeover to harm competition in the gaming or esports markets. The transaction, one of the largest gaming buyouts ever proposed, still needs to complete remaining closing steps before it can be finalized. EA shareholders are expected to receive $210 per share in cash under the agreement.