industry

EU reportedly set to clear Saudi PIF's $55B EA takeover at end of July

Reuters says the European Commission is poised to approve Saudi Arabia’s Public Investment Fund purchase of Electronic Arts after its Foreign Subsidies Regulation review. The FSR preliminary review ends July 22 and the deal is expected to be cleared on July 30, with unconditional EU merger clearance likely. The $55 billion acquisition was announced in September 2025 and would be the second-largest gaming buyout. The transaction has drawn regulatory scrutiny and public criticism.