EA shareholders approve the Public Investment Fund’s acquisition for $55 billion
Company shareholders approved "Electronics Arts – EA" The leader in Video Games, on the Saudi Public Investment Fund’s acquisition of the company for $55 billion.
Investors in the giant gaming company, which is based in California, announced their approval of the acquisition for $210 per share in a vote that took place yesterday, Monday.
The Public Investment Fund, in partnership with… "Silver Lake"and"Affinity Partners"Last September, it signed an agreement to acquire "Electronic Arts" In an all-cash deal.
Under the deal, the consortium will acquire 100% of the company’s shares, with the Public Investment Fund retaining its current stake of 9.9% of its shares.
The magazine highlighted "The Economist" The British newspaper highlighted the boom achieved by Saudi investments in the video games sector, coinciding with the Public Investment Fund’s acquisition of a company "Electronic Arts"In a deal that is the latest in a series of huge investments, turning Saudi Arabia into… "Super powers in the world of video games"As the magazine described.
These investments aim to create a new local industry, as Saudi Arabia seeks to diversify its economy, while targeting an initiative "Vision 2030" Providing 39 thousand jobs in the Gamesby that year.
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