Saudi Public Investment Fund Considers Merging EA With Savvy Games
Last we heard of Saudi Arabia’s Public Investment Fund (PIF) was early last month, when it completed the buyout of Electronic Arts (EA). More recently, it looks like executives at the sovereign wealth fund are looking to combine its recent acquisition with another, Savvy Games, to create a singular gaming giant. This could then be […] The post Saudi Public Investment Fund Considers Merging EA…
The Saudi Public Investment Fund (PIF), which recently acquired Electronic Arts (EA), is reportedly considering merging EA with Savvy Games, another gaming company recently acquired by the fund. This potential merger could create a dominant gaming entity that would utilize the combined intellectual property library for acquisitions, game development, and overall management of the brands.
According to Bloomberg's sources, improving coordination within PIF's assets is a key objective of the merger. However, no final decisions have been made and the merger is dependent on Savvy Games' successful acquisition of Moonton, a Chinese mobile games developer that publishes Mobile Legends: Bang Bang. The acquisition of Moonton, reportedly for US$6 billion, was finalized in recent weeks.
Savvy Games, already the owner of California-based Scopely since 2023 and having recently acquired Niantic's gaming business (which includes Pokemon Go), could bolster EA's mobile gaming ambitions.
Written by urgent.news from Lowyat.NET'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.