EconomyEXCLUSIVE: Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say
A consortium of investors that includes Saudi Arabia’s Public Investment Fund is expected to obtain European Union approval for its $55 billion purchase of video game maker Electronic Arts. People familiar with the matter said the deal is set to clear the EU’s review under subsidy rules. The proposed acquisition would bring a major Saudi-backed investment into the global video game industry. It also places the transaction under close scrutiny by European regulators.
EXCLUSIVE: Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say