Electronic Arts is set to be acquired in a $55 billion all-cash deal after the investor group led by Saudi Arabia’s Public Investment Fund, or PIF, received clearance under the European Union’s foreign subsidies rules, according to a document released by the European Commission. In a separate regulatory filing submitted last Thursday, EA said it had obtained all required regulatory approvals as of July 30 and expected the transaction to close on Aug. 4. EA had announced in September 2025 that it reached a definitive agreement to be taken private by a consortium made up of PIF, Silver Lake and Affinity Partners, valuing the video game publisher at about $55 billion. The company said the transaction would be the largest all-cash privatization deal on record. The buyer group includes Saudi Arabia’s sovereign wealth fund, U.S. technology-focused investment firm Silver Lake, and Affinity Partners, the investment firm founded in 2021 by Jared Kushner, the son-in-law of U.S. President Donald Trump. PIF executive Turqi Alnowaiser said the fund holds a distinct position in the global gaming and esports sector and is focused on building and supporting an ecosystem linking players, developers and intellectual property creators.
A Saudi-led investor consortium has won European Union approval to acquire Electronic Arts in a $55 billion deal, according to a document released by the European Commission. The clearance was granted under the EU’s foreign subsidies rules.
In a separate regulatory filing submitted last Thursday, EA said it had secured all required regulatory approvals as of July 30 and expected the transaction to close on Aug. 4.
Definitive agreement was announced in September 2025
EA said in September 2025 that it had entered into a definitive agreement to be taken private in an all-cash transaction by a consortium consisting of Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners. The deal values the company at about $55 billion.
EA described the transaction as “the largest all-cash privatization deal in history.”
Buyer group includes PIF, Silver Lake and Affinity Partners
The acquiring group includes Saudi Arabia’s sovereign wealth fund PIF, U.S.-based Silver Lake, and Affinity Partners.
Affinity Partners was founded in 2021 by Jared Kushner, the son-in-law of U.S. President Donald Trump, and previously received major backing from Saudi Arabia. Silver Lake is an investment firm focused on the technology sector. Based on the disclosed structure, the acquisition of EA is being largely driven by Saudi capital.
PIF points to gaming and esports position
Turqi Alnowaiser, PIF’s deputy governor and head of international investments, said the fund holds a unique position in the global gaming and esports industry and is committed to building and supporting an ecosystem that connects players, developers and IP creators.
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