EA's Saudi Arabian owners are reportedly considering forming an ubermegacorp by merging them with Savvy Games
Just over a month on from a consortium led by the Saudi Arabian government's Public Investment Fund taking over EA, in a buyout worth $55 billion , said new owners are reportedly considering merging the publishers with their existing gaming firm Savvy Games Group. The result would be an ubermegacorp to serve as a vehicle for all of the Saudi wealth fund's future video game-related biz. Read more
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.
This story
This is one outlet's version. Read the fullest account.
