Electronic Arts was eyeing the private life earlier this year, with plans to be bought out by an outfit of investors including Saudi Arabia’s Public Investment Fund. At the time, it was just in “advanced talks,” but now it seems to moving forward as investors signaled the go-ahead.
Reported on social media by Stephen Totilo, EA shareholders have approved the $55 billion buyout. The deal is now in the hands of government regulators to decide if the purchase is approved.
Should the buyout be approved, it means Saudi Arabia’s PIF alongside Affinity Partners and Silver Lake Partners will be the new owners of the infamous game dev and publisher. The PIF is far from a newcomer to the industry, having invested heavily into other game studios, including Ubisoft, Take-Two Interactive, and Nintendo.