GAMESMachine Translated summary
Electronic Arts Acquisition by Saudi-Backed Fund Expected to Close August 4 at $55 Billion Valuation
Electronic Arts is set to complete its acquisition by a Saudi Arabia-backed government fund on August 4, becoming a private company in a $55 billion (approximately ¥9 trillion) deal. The transaction has received all necessary regulatory approvals. The Saudi fund will become the company's majority shareholder upon completion.
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What we know
- EA acquisition by Saudi Arabia government-backed fund set to close August 4
- Deal valued at $55 billion, approximately ¥9 trillion
- All required regulatory approvals have been obtained
- EA will transition from public to private company
- Saudi fund will become the dominant shareholder
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