Saudi Arabia acquires Electronic Arts for $55 billion

Saudi Arabia has acquired Electronic Arts (EA) for $55 billion, securing a significant portfolio of gaming franchises including Battlefield, Need for Speed, FIFA, The Sims, and BioWare RPGs such as Mass Effect and Dragon Age. This acquisition positions the kingdom as a major player in the global gaming market.

Following the acquisition, EA will become a privately held company owned by a consortium comprising Saudi Arabia’s Public Investment Fund, the investment firm Silver Lake, and Affinity Partners. The company’s headquarters will remain in California, and EA’s current leadership, including CEO Andrew Wilson, will continue in their roles.

This move is part of Saudi Arabia"s broader strategy to diversify its economy and invest in various sectors, including technology and entertainment. The acquisition reflects the kingdom"s ambition to enhance its influence in the gaming industry.

For related coverage, see recent developments in international relations.