The European Commission on Thursday provided antitrust approval for the $55 billion acquisition of video game developer Electronic Arts by an investor group. [3, 17] The consortium is led by Saudi Arabia's Public Investment Fund (PIF) and includes private equity firm Silver Lake and Jared Kushner's Affinity Partners. [4]
The EU's competition authority concluded that the transaction would not raise competition concerns, citing the limited impact on the markets where the companies are active. [2, 19] While this is a significant step, the deal is still being scrutinized under the EU's separate Foreign Subsidies Regulation, with a decision expected by July 30. [3, 4]