A group of investors led by Saudi Arabia's Public Investment Fund have received approval from the European Commission to go ahead with their proposed acquisition of EA, the blockbuster game publisher behind Battlefield, The Sims, and EA Sports titles.
Last year, EA confirmed it had entered a deal to go private and fall under the joint ownership of Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners (a private investment firm led by US President Donald Trump's son-in-law, Jared Kushner). Should the $55 billion buyout proceed without a hitch, Saudi Arabia's PIF will own 93.7% of shares, Silver Lake will have 5.5%, and Affinity Partners will hold onto 1.1% of the company.
