Riyadh – Sharikat Mubasher: Shareholders of Electronic Arts Inc. have approved the company’s $55 billion acquisition in a deal led by Saudi Arabia’s Public Investment Fund (PIF), marking one of the largest transactions in the global gaming industry.

As reported by Bloomberg, investors in the Redwood City–based video game publisher voted in favor of the takeover at $210 per share, clearing a major regulatory and shareholder hurdle for the transaction. Electronic Arts is best known for globally popular franchises, including EA SPORTS FC and Battlefield.

The deal represents a major milestone for the nearly 40-year-old company, which will transition from a publicly listed firm to a private entity once the acquisition is completed. The move is expected to give Electronic Arts greater flexibility to focus on long-term game development without the short-term performance pressures typically associated with public markets.

For Saudi Arabia’s PIF, the acquisition aligns with its broader strategy to expand investments in interactive media and gaming as part of efforts to diversify the Kingdom’s economy away from oil. The fund has been steadily increasing its presence across the global gaming value chain, spanning publishers, esports, and development studios.

The approval positions Electronic Arts to enter a new phase under private ownership, as PIF deepens its footprint in one of the world’s fastest-growing entertainment sectors.