Saudi Arabia's divisive EA buyout approved under EU merger rules
The European Commission has approved the acquisition of Electronic Arts by a consortium including Saudi Arabia's Public Investment Fund under EU merger rules. The commission found the $55 billion deal, which involves the production and distribution of video games across mobile, PC, and consoles, will not raise competition concerns due to its limited market impact. The deal has faced scrutiny over potential human rights implications and cultural washing concerns.
Gamedeveloper.com
- Entities
- Electronic Arts
- Consoles
- Joshua Kushner
- Saudi Arabia
- Affinity Partners
- Mohammed bin Salman
- Silver Lake
- Mergers and Acquisitions
- Video Games
- PC
- Mobile
- Public Investment Fund
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