The European Union on Thursday approved a $55 billion Saudi-led bid for video game giant Electronic Arts, known for The Sims and FIFA games.
Saudi Arabia's Public Investment Fund leads the consortium for the deal including US investment firms Silver Lake and Affinity Partners, the Miami-based firm founded by Jared Kushner, son-in-law of President Donald Trump.
The European Commission, the EU's powerful competition regulator, said it concluded the acquisition "would not raise competition concerns, given its limited impact on competition in the markets where the companies are active".
The commission is also looking into the takeover under its foreign subsidies rules with a decision expected by July 30.
The FIFA football games were updated annually from 1993 to 2023, before Electronic Arts lost the licence following a financial disagreement between EA and the FIFA organisation.
The game, now called EA Sports FC, has largely retained its player base.
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Electronic Arts
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