EA has officially been sold to Saudi Arabia's Public Investment Fund
Electronic Arts (EA) has been acquired by Saudi Arabia's Public Investment Fund (PIF) in a leveraged buyout valued at approximately $55 billion. The deal, which also includes investment firms Silver Lake and Affinity Partners, marks EA's return to private ownership after 36 years. CEO Andrew Wilson addressed staff, emphasizing continued innovation and the importance of interactive entertainment, while concerns remain about potential layoffs and the use of AI.
- Entities
- Game: Apex Legends
- Company: Electronic Arts
- Topic: Investment
- Game: Mass Effect 2
- Person: Joshua Kushner
- Company: Saudi Arabia
- Topic: Sportswashing
- Company: Affinity Partners
- Person: Mohammed bin Salman
- Topic: Gaming Industry
- Game: The Sims
- Person: David Tinson
- Company: Silver Lake
- Game: Dragon Age
- Topic: Mergers and Acquisitions
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