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