EA Shareholders Vote In Favor Of $55 Billion Acquisition By Saudi Arabia PIF

Earlier this year, it was announced that Electronic Arts was being acquired by the Saudi Arabia’s Public Investment Fund (PIF) and US-based private equity investment firm Silver Lake Partners, to the tune of $55 Billion.

During EA’s most recent shareholders meeting, the company’s shareholders voted to approve the acquisition, bringing it one step closer to being officially finalized. In order for the acquisition to be completed, it would need approval from both shareholders and the US Government.

However, according to VGC, US senators are wary of allowing the acquisition to go through. In a letter to secretary of the treasury Scott Bessent, two senators asked that Bessent take a closer look into the deal to ensure that it would not compromise the US’ national security. They also believe that the PIF is acquiring EA to improve Saudi Arabia’s national image, rather than actually conduct business in the game’s industry.

That said, Affinity Partners, an investment firm with ties to PIF and also involved in the deal, is run by President Donald Trump’s son-in-law Jared Kushner. With this in mind, it seems unlikely that opposition within the US Government will have enough backing to stop the deal. Stay tuned for more as it comes.

What do you think? Let us know in the comments.