European Commission says EA's controversial $55 billion buyout "would not raise competition concerns" and…
The European Commission has approved the proposed $55 billion acquisition of Electronic Arts by a group of investors led by Saudi Arabia's Public Investment Fund. The commission concluded that the buyout would not raise significant competition concerns, given its limited impact on the markets where the companies are active. This approval moves the deal, which would see PIF own 93.7% of EA, one step closer to completion.
- Entities
- Company: Electronic Arts
- Company: Saudi Arabia
- Company: Affinity Partners
- Game: The Sims
- Company: Silver Lake
- Topic: Mergers and Acquisitions
- Topic: Video Games
- Game: Battlefield
- Company: Public Investment Fund
- Topic: Esports
- Game: EA SPORTS
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