The Latest Breaking News from PIF

Mass Layoffs Feared at EA After $55B Sale: Saudi-Led Buyout Gives Trump's Son-in-Law a Stake

Electronic Arts faces optimism and employee concern as it goes private, with $700 million in cost cuts after a $55 billion buyout led by Saudi Arabia's PIF.

International Business Times UK · Aug 6

‘The Sims’ video game maker EA bought by Saudi-led group for $55 billion with Jared Kushner’s help

With the transaction finalized, EA stockholders will receive $210 in cash per share, and the company’s stock is no longer traded on the public market

The Independent UK · Aug 5

How Electronic Arts' $18 Billion Debt From Saudi Buyout Will Change the Games You Play

EA' $55bn Saudi‑led buyout saddles the EA Sports FC and Battlefield maker with about $18bn in debt, forcing deep cost cuts, possible layoffs and a heavier focus on live‑service monetisation.

International Business Times UK · Aug 5

EA and games like The Sims, Dragon Age, and Battlefield are now officially owned by Saudi Arabia and private equity as $55 billion deal closes

The EA deal is done

GamesRadar · Aug 4

Eddie Howe explains decision to leave Newcastle United in emotional statement

The timing of Howe’s exit as head coach, just a few weeks before the start of a new season, was surprising

The Independent UK · Jul 31

Jaissle heads for Newcastle after success in Saudi Arabia that has eluded so many

German coach was almost unknown on arrival in Saudi Pro League in 2023 but clinched major titles and won over fans

The Guardian - UK · Jul 31

Fifa’s sale of the century: how Kushners and Trump are at centre of a tangled web

Joshua Kushner is now the kingpin in driving the sale of the World Cup to investors and family ties are tight around the project

The Guardian - UK · Jul 30

LIV Golf Just Had a Truly Embarrassing Day

The struggling golf league returns to action this week. But the biggest storyline remains what’s going on behind the scenes.

Sports Illustrated · Jul 22

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this significant project. The state-backed developer aims to free up capital for economic transformation initiatives. This stadium transaction will mirror previous pipeline deals for infrastructure funding. Private investors are being approached…

The Economic Times · Jul 16

Lucid Motors Denied the Bankruptcy Rumors, But That's Not Enough to Make LCID Stock a Buy

Lucid Motors has denied that it is going bankrupt or considering going private. Does that make LCID stock a buy?

Barchart · Jul 15