Saudi Arabia's takeover of EA gets approval from European Commission
The European Commission has approved Saudi Arabia's Public Investment Fund's proposed $55 billion acquisition of Electronic Arts, stating it will not raise competition concerns within the EU. While this hurdle is cleared, the deal still faces scrutiny from US lawmakers and developers concerned about the takeover's implications.
- Entities
- Company: Electronic Arts
- Company: Microsoft
- Person: Joshua Kushner
- Company: Saudi Arabia
- Person: Mohammed bin Salman
- Topic: Business
- Company: Activision Blizzard
- Topic: Mergers and Acquisitions
- Company: European Commission
- Company: Federal Trade Commission
- Person: Donald Trump
- Company: Public Investment Fund
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