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European Commission approves EA sale to Saudi-led consortium

The European Commission has approved the proposed $55 billion leveraged buyout of Electronic Arts by a consortium led by Saudi Arabia’s Public Investment Fund. The clearance removes a major regulatory hurdle but the transaction has not yet closed. Reports and anonymous sources warn the deal’s debt load could lead to cost-cutting, layoffs, or studio changes; no major actions are expected until closing. Consortium partners include PIF, Silver Lake, and Affinity Partners.

• EU approval clears a key regulatory hurdle
• $55 billion LBO will leave EA with substantial debt
• Reports warn of possible layoffs and studio cuts; BioWare mentioned
• Consortium: PIF, Silver Lake, Affinity Partners; deal not yet closed