industry

EU approves $55bn sale of EA to Saudi PIF, Silver Lake and Affinity

The European Union has approved the $55 billion acquisition of Electronic Arts by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners. The deal has been described as controversial. Approval clears a major regulatory hurdle and would make the transaction the largest private leveraged buyout on record if completed.

• EU grants approval
• Buyers: PIF, Silver Lake, Affinity Partners
• Deal value: $55 billion
• Would be largest private leveraged buyout if completed