Electronic Arts (EA) shareholders approved the sale of the video game company to a consortium led by Saudi Arabia's Public Investment Fund in a deal valued at $55bn, Argaam and Bloomberg reported on December 23.

The acquisition enables PIF to expand its gaming sector investments as part of Saudi Arabia's Vision 2030 diversification strategy.

Shareholders approved the acquisition at $210 per share during a vote held on December 22.

EA signed a definitive agreement in September to be acquired by the consortium comprising PIF, Silver Lake and Affinity Partners in an all-cash transaction. The deal represents one of the largest acquisitions in the video game industry.

PIF owned 24.8mn shares in EA as of the end of the third quarter of 2025, representing approximately 10% of the company's total outstanding shares.

The sovereign wealth fund has pursued substantial investments in the global gaming industry through Savvy Games Group, its gaming and esports subsidiary.

EA develops and publishes major gaming franchises including FIFA, Madden NFL, The Sims and Battlefield. The company reported net revenue of $7.4bn for the fiscal year ending March 31, 2024.

The consortium's takeover follows significant consolidation in the gaming industry, with major acquisitions reshaping the competitive landscape. Silver Lake and Affinity Partners bring technology investment expertise to support EA's growth strategy under new ownership.