PLAYING GAMES
Saudi PIF closes in on $55 billion buyout of Electronic Arts
The deal saddles the sovereign wealth fund with some $20 billion in debt, adding to concerns over more consolidation, cost-cutting and layoffs
Pictures from Electronic Arts website
Screenshot of EA Sports FC game
Add The Circuit on GoogleAlmost a year after Saudi Arabia’s Public Investment Fund launched its bid for Electronic Arts, ardent gamer Crown Prince Mohammed bin Salman will take control tomorrow of one of the world’s largest video game companies.
The PIF’s $55...
