EU approves Saudi Arabia's $55bn acquisition of EA, clearing path for largest private leveraged buyout of all time
The European Union has approved Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners' $55 billion acquisition of Electronic Arts, citing no competition concerns. This leveraged buyout is set to be the largest in history. The deal has faced criticism from human rights organizations and video game industry unions due to concerns about sportswashing and Saudi Arabia's human rights record.
- Entities
- Company: Electronic Arts
- Person: Joshua Kushner
- Company: Saudi Arabia
- Topic: Sportswashing
- Company: Affinity Partners
- Company: Silver Lake
- Topic: Mergers and Acquisitions
- Company: Public Investment Fund
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