Wagerallsports
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Saudi Arabia has acquired Electronic Arts for $55 billion — the publisher behind Battlefield, Need for Speed, FIFA, The Sims, and BioWare RPGs (Mass Effect, Dragon Age).
The kingdom secures a key portfolio of franchises to position itself as a major player in the global gaming market.
EA will become a privately held company owned by a consortium of three major stakeholders: 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 stay in place.
The kingdom secures a key portfolio of franchises to position itself as a major player in the global gaming market.
EA will become a privately held company owned by a consortium of three major stakeholders: 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 stay in place.
