PIF gets EU nod for Electronic Arts acquisition

Logo of Public Investment Fund (PIF)

The European Commission said on Thursday it approved, under the EU merger regulation, the Public Investment Fund’s (PIF) $55 billion acquisition of video game developer Electronic Arts.

The commission said the acquisition would not raise competition concerns, as it primarily concerns the production and distribution of video games for mobile devices, personal computers, and gaming consoles, in addition to the organization and marketing of video game competitions, known as esports events.

According to Argaam data, Electronic Arts signed a definitive agreement in September 2025 to be acquired by a consortium comprising PIF, Silver Lake and Affinity Partners in an all-cash deal valuing the video game company at about $55 billion.

Electronic Arts shareholders approved the $55 billion sale to the consortium in December, endorsing the acquisition at $210 per share.

PIF held 24.8 million Electronic Arts shares, representing a 10% stake, as of March 31, 2026.