Sources: PIF is considering combining EA with Savvy Games to better coordinate its gaming assets, but not before Savvy closes its $6B Moonton acquisition (Bloomberg)
Saudi Arabia's wealth fund is considering combining Electronic Arts Inc. with Savvy Games, people familiar with the matter said …
Just over a month after a consortium led by the Saudi government's Public Investment Fund took over EA in a $55 billion buyout, new owners are reportedly considering merging EA with their existing gaming firm, Savvy Games Group. This would create an immense corporation to manage all of Saudi Arabia's future video game-related ventures, according to a Bloomberg report.
However, no decision has been made yet, as Savvy is currently in the process of acquiring Chinese mobile game developers and publishers Moonton for $6 billion. An EA/Savvy merger would need approval from antitrust regulators, similar to the initial deal between the Saudi PIF and EA. The merger could potentially lead to an increase in mobile gaming efforts for EA, as well as potential layoffs, as often happens in large mergers.
There are also concerns that the Saudi government's involvement may influence creative decisions in games, given their poor human rights record.
Written by urgent.news from Rock Paper Shotgun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- EA's Saudi Arabian owners are reportedly considering forming an ubermegacorp by merging them with Savvy Games rockpapershotgun.com
- Sources: PIF is considering combining EA with Savvy Games to better coordinate its gaming assets, but not before Savvy closes its $6B Moonton acquisition (Bloomberg) bloomberg.com
