Takeover: Saudi Arabian state fund likely considering merger of EA and Savvy Games
The merger of the two companies controlled by the PIF would create a new industry giant. The project could therefore also alert competition authorities.
The Saudi Arabian Public Investment Fund (PIF) is considering a merger between video game companies Electronic Arts (EA) and Savvy Games, according to a Bloomberg report. The PIF controls both companies, with EA being taken private last month for approximately $55 billion. A decision has not been made, and a merger is unlikely until Savvy completes its $6 billion purchase of Chinese mobile game developer Moonton.
The deal could face scrutiny from competition authorities, which have closely examined large gaming industry transactions, including Microsoft's acquisition of Activision Blizzard.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
