- Shareholders of Electronic Arts Inc. have voted in favor of a $55 billion acquisition led by Saudi Arabia’s Public Investment Fund.
- This monumental deal positions Saudi Arabia as a significant player in the global gaming industry.
- The approval marks a pivotal moment in the ongoing trend of investment in gaming by sovereign wealth funds.
Electronic Arts shareholders greenlight $55 billion acquisition by Saudi fund
Shareholders of Electronic Arts Inc. have voted in favor of a $55 billion acquisition led by Saudi Arabia's Public Investment Fund. This monumental deal positions Saudi Arabia as a significant player in the global gaming industry. The approval marks a pivotal moment in the ongoing trend of investment in gaming by sovereign wealth funds.