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[STEAM] EA shareholders greenlight $55bn takeover by Saudi Arabia’s Public Investment Fund

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Electronic Arts’ proposed ***** to Saudi Arabia’s Public Investment Fund has been approved by the company’s shareholders.

According to the business press, including
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, the $55 billion takeover deal was approved in a shareholder vote on Monday. The takeover will now require approval from government regulators to be finalised.

Should the acquisition be approved, Saudi Arabia’s Public Investment Fund will own 93.4% of the EA Sports, Battlefield, and Sims publisher. Silver Lake Partners – an investment fund run by a US private equity firm– will own 5.5% of shares.

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