Saudis seek EU approval for $55 billion EA deal, decision by July 22

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST BRUSSELS, June 17 : A group of investors including Saudi Arabia's Public Investment Fund has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts, according to a European Commission filing on Wednesday.

The Commission, which acts as the EU competition enforcer, set a July 22 deadline for its decision. It can either clear the deal with or without remedies or open a full-scale investigation if it has serious concerns.The group, which includes Jared Kushner's Affinity Partners and private equity firm Silver Lake, announced the deal for the maker of "Battlefield" and "Madden NFL" in September last year.

The PIF, Saudi Arabia's $1 trillion wealth fund, is betting on the enduring value of blockbuster game franchises as the industry recovers and the kingdom strives to become a global hub for games and sports. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less The deal, which is expected to secure EU antitrust approval, will also need approval under EU rules aimed at preventing unfair foreign subsidies granted to companies to acquire rivals.The group has yet to seek EU clearance under the bloc's subsidy rules.

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Give it a try. Click here to return to FAST Tap here to return to FAST FAST Advertisement Business Saudis seek EU approval for $55 billion EA deal, decision by July 22 Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration 18 Jun 2026 12:15AM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA