EU approves American Electronic Arts acquisition
The European Commission has approved the Saudi Public Investment Fund's acquisition of the American company Electronic Arts for $55 billion, in the largest-ever leveraged buyout in history. The deal was completed after the company's shareholders approved its sale, with the fund aiming to purchase approximately 93.4% of Electronic Arts' shares, expected to be finalized in the first quarter of 2027. The transaction involves activities related to game development and distribution, as well as organizing eSports tournaments, reflecting Saudi Arabia's efforts to strengthen its presence in the global gaming industry.
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