EU Clears Saudi PIF's $55 Billion Electronic Arts Takeover on Antitrust Grounds

The European Commission granted antitrust approval to Saudi Arabia's Public Investment Fund for its proposed $55 billion takeover of Electronic Arts, concluding the transaction "would not raise competition concerns" in PC, console, and mobile gaming markets. If completed, PIF would own over 93 percent of EA. The deal still faces an EU foreign subsidy review (July 30 deadline), CFIUS approval, and potential FTC scrutiny.