PIF-led consortium completes $55bn Electronic Arts acquisition

RIYADH: A consortium led by Saudi Arabia’s Public Investment Fund has completed its approximately $55 billion acquisition of Electronic Arts, advancing the Kingdom’s ambitions to become a global gaming hub. The consortium, which also includes technology investment firm Silver Lake and Affinity Partners, first announced the deal on Sept. 29. It received shareholder approval at a special meeting on Dec. 22, according to statements issued by PIF and EA. Upon completion, EA became a privately held company, with shareholders receiving $210 in cash for each outstanding share.

Raccontata datheverge.comneowin.netalbawaba.netnewsbytesapp.comtheguardian.comheise.dearabnews.comgaming.hwupgrade.itthenationalnews.comadnkronos.comtechspot.comcnbc.com+7 altre