Saudi-led coalition acquires Electronic Arts

Electronic Arts announced the completion of a takeover led by a consortium, including the Saudi Public Investment Fund. The deal involves a $36 billion investment to acquire equity rights and delists the company's shares from the NASDAQ stock exchange, with a purchase price of $210 per share. The transaction reflects the fund's confidence in the company's growth, particularly in the gaming and esports sector, which aims to contribute over 50 billion riyals to Saudi Arabia's GDP by supporting a community of more than 23.5 million players. This move aligns with Saudi Arabia's broader strategy to develop its entertainment and electronic gaming industry, diversify the economy, and focus on popular titles such as "Battlefield" and "Madden NFL."

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