EU Commission approves $55bn EA buyout, says it "would not raise competition concerns"
The European Commission has approved the $55 billion acquisition of Electronic Arts by a consortium led by Saudi Arabia's Public Investment Fund, stating it would not raise competition concerns. The deal, which includes Silver Lake and Affinity Partners, was reviewed under the EU Merger Regulation and found to have a limited impact on the markets where the companies are active. This approval follows concerns raised by US lawmakers and labor unions regarding potential labor market impacts and foreign investment.
- Entities
- Company: Electronic Arts
- Company: Committee on Foreign Investment in the United States
- Company: Communication Workers Association
- Company: Affinity Partners
- Company: Silver Lake
- Topic: Mergers and Acquisitions
- Company: Federal Trade Commission
- Person: Claude Cummings Jr.
- Company: Public Investment Fund
- Company: JPMorgan Chase
- Topic: Antitrust Law
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