Saudi PIF Secures EU Antitrust Approval for $55 Billion Acquisition of Electronic Arts
A consortium led by Saudi Arabia's Public Investment Fund (PIF), along with Affinity Partners and Silver Lake, has received antitrust approval from the European Commission to acquire video game developer Electronic Arts in a $55 billion deal. The transaction is currently under review for compliance with EU merger rules but does not raise competition concerns according to regulators. The acquisition marks one of the largest leveraged buyouts ever recorded and was initially announced last September. While antitrust approval has been granted, the Commission continues its evaluation under the Foreign Subsidies Regulation (FSR), which aims to prevent unfair advantages from non-EU subsidies in cross-border acquisitions within the EU. Sources indicate that PIF is expected to receive final clearance by July 30 and may also pass scrutiny under subsidy rules. The outcome of this regulatory process will determine whether the deal can proceed without further obstacles.
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Topics: Electronic Arts EU antitrust approval merger rules Saudi PIF