Video game development giant EA will officially change ownership to the Saudi consortium.

According to a document from the European Commission, Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) and a consortium of investors have secured EU approval under the bloc’s foreign subsidy rules to acquire global video game giant Electronic Arts (EA) for $55 billion. In another regulatory filing submitted last Thursday, EA confirmed it had obtained all required regulatory approvals by July 30 and expects the deal to close on August 4. In September 2025, EA announced it had reached a definitive agreement to be acquired by the consortium of PIF, Silver Lake, and Affinity Partners in an all-cash transaction valuing the company at roughly $55 billion. Turqi Alnowaiser, PIF’s vice president and head of international investments, stated that PIF holds a unique position in the global gaming and esports sectors and is committed to building and supporting ecosystems connecting players, developers, and IP creators. EA called the transaction the largest all-cash privatization acquisition in history. The buyers include Saudi Arabia’s PIF, U.S.-based Silver Lake, and Affinity Partners. Affinity Partners is an investment firm founded in 2021 by Jared Kushner, former U.S. President Donald Trump’s son-in-law, which has received substantial funding from Saudi Arabia; Silver Lake is a technology-focused investment firm. As such, the EA acquisition is almost entirely led by Saudi capital.