Saudi Arabia's PIF Leads Consortium in $55 Billion Buyout of Electronic Arts
Electronic Arts (EA), the maker of titles like Battlefield and The Sims, has been acquired in a major deal valued at $55 billion. The sale was finalized to a consortium that includes Saudi Arabia's Public Investment Fund (PIF) and Silver Lake Partners. The acquisition takes EA off public trading, marking a significant shift for the global interactive entertainment industry. This massive investment comes shortly after the publisher reported missing quarterly bookings estimates.
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