Electronic Arts (EA) shareholders have officially approved the sale of the company to a consortium of investors led by the Public Investment Fund, Saudi Arabia’s sovereign wealth fund, in a historic $55 billion buyout.
This approval follows an agreement reached earlier this year, in which the Public Investment Fund would purchase a majority stake of approximately 93% of EA, with the remainder held by Silver Lake and Affinity Partners. The takeover still needs to be approved by government authorities and regulators before it can be finalized.
Despite concerns from some American fans and politicians, EA will continue to operate as usual in the United States, maintaining its internal creative control, although the exact role of the Public Investment Fund in future management has yet to be clearly defined.
