EA’s New Owners May Be Considering An Even Bigger Gaming Empire
Saudi Arabia's Public Investment Fund (PIF) has become the majority shareholder of Electronic Arts and is reportedly considering merging it with Savvy Games Group, another PIF-owned entity. This potential consolidation, which could also involve Moonton, Scopely, and SNK, aims to improve coordination among the PIF's gaming assets. However, the move faces regulatory scrutiny due to the vast number of major franchises that would fall under one umbrella, and employees fear significant cost-cutting measures, including layoffs and studio closures, may be implemented.
- Entities
- Company: Electronic Arts
- Company: Savvy Games
- Company: SNK
- Game: EA Sports FC 24
- Game: The Sims
- Topic: Layoffs
- Company: BioWare
- Topic: Mergers and Acquisitions
- Company: Scopely
- Topic: Studio Closures
- Game: Monopoly Go
- Company: Moonton Games
- Game: Battlefield
- Company: Nintendo
- Topic: Diversity in Gaming
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