Saudi Arabia reportedly looking at merging Electronic Arts with Savvy Games Group
The country finalized its majority acquisition of Electronic Arts in August.
A Bloomberg report suggests that Saudi Arabia's Public Investment Fund (PIF) is considering a merger between Electronic Arts (EA) and Savvy Games Group. The wealth fund owns 100% of EA, following a $6 billion acquisition of Chinese mobile gaming company Moonton announced in March. The PIF, chaired by de facto Saudi ruler Mohammed bin Salman, may merge the two gaming giants to streamline operations and reduce costs.
Potential regulatory hurdles, such as anti-trust concerns, may arise. A merged entity would be a global powerhouse, under the control of a single individual, despite bin Salman's controversial past and close ties to former US President Donald Trump. EA has not commented on the report, while the PIF and Savvy Games Group have been reached out for their response.
Written by urgent.news from PC Gamer's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
