United Kingdom, Dec. 3 -- Saudi Arabia's Public Investment Fund (PIF) is potentially poised to take near-total control of Electronic Arts.
According to new filings, the sovereign wealth fund would own 93.4 per cent of the studio if its proposed $55 billion acquisition is approved.
The filings - uncovered by the Wall Street Journal in documents submitted to Brazilian antitrust regulators - outline a takeover consortium led by PIF and accompanied by private equity groups Silver Lake (5.5 per cent) and Affinity Partners (1.1 per cent), the latter founded by Jared Kushner.
If completed, the deal would be one of the largest acquisitions in video game history, with roughly $20 billion of the $55 billion price tag financed through debt.
The ...
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