52 Days
Source:
الاقتصادية
Reuters: PIF Nears European Approval for Electronic Arts Acquisition
The European Commission intends to approve a $55 billion acquisition deal of Electronic Arts, involving the Saudi Public Investment Fund and several other investment firms. This would be the largest debt-financed deal in history. The purpose of the deal is to support Saudi Arabia's strategy to diversify its economy and focus on the gaming and e-sports sectors. The fund aims to enhance its global presence in this industry and achieve economic goals and expansion ambitions by 2030. Sources expect final approval of the deal after the completion of the initial review, with no significant regulatory obstacles.
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