Saudi PIF's $55B EA Takeover Clears EU Subsidy Rule Review

1. 1Saudi Arabia's Public Investment Fund and an investor group secured EU subsidy rule clearance for their $55 billion takeover of Electronic Arts (EA).
2. 2EA disclosed that it had obtained all regulatory approvals as of July 30 and expects the deal to close on August 4.
3. 3Following last week's EU merger approval, the foreign subsidies regulation review was seen as the larger hurdle.

Source Reuters · View original ↗

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