A consortium led by Saudi Arabia's Public Investment Fund (PIF) is on track to receive European Union approval for its $55 billion acquisition of Electronic Arts, according to sources familiar with the matter.
The deal, which has been under regulatory scrutiny, is expected to be cleared under the bloc's new subsidy rules, paving the way for the transaction to close.
The deal's value, at $55 billion, places it among the largest M&A transactions in the gaming industry's history.
The approval represents a major milestone for PIF, which has been aggressively expanding its portfolio in the technology and entertainment sectors.
The acquisition of Electronic Arts, one of the world's largest video game developers, underscores the sovereign wealth fund's strategy to diversify beyond traditional energy assets.
The deal's value, at $55 billion, places it among the largest M&A transactions in the gaming industry's history.
The use of EU subsidy rules to facilitate the approval highlights the evolving regulatory landscape for large-scale cross-border acquisitions.