Friday, 31 July, 2026
Game On: EU Greenlights Record $55B Saudi EA Takeover
By TechShots Studio
The European Commission cleared Saudi Arabia’s Public Investment Fund (PIF) to acquire video game titan Electronic Arts for $55 billion. Regulators determined that the historic take-private deal—the largest leveraged buyout ever—complies with EU foreign subsidy and antitrust rules, concluding that state backing for the sovereign wealth fund will not distort fair market competition within the bloc.
Read full story at REUTERS