# Saudi-led Consortium Acquires Electronic Arts for $55 Billion 2026-08-06T11:27:19+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet A consortium led by Saudi Arabia’s Public Investment Fund has acquired Electronic Arts for $55 billion after final European Union approval, ABP News reported. The group also includes Affinity Partners and Silver Lake Partners. EA owns major franchises such as EA Sports FC, The Sims, Madden NFL and Battlefield. The acquisition ends EA’s 36-year run as a publicly traded company. It comes as revenue has flattened, competition has increased and the gaming industry has seen major consolidation. EA reported weaker quarterly revenue after lower engagement with its latest Battlefield title. The company cut about 5 per cent of its workforce in 2024 and several hundred more jobs in May. ## Coverage - news.abplive.com Tags: Electronic Arts, gaming industry, Public Investment Fund, Saudi Arabia Canonical: https://indianopinion.org/saudi-led-consortium-acquires-electronic-arts-for-55-billion/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/saudi-led-consortium-acquires-electronic-arts-for-55-billion/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.