Gaming

A month after buying EA, Saudi Arabia is reportedly looking to merge EA into a new mega-corporation

A month after buying EA, Saudi Arabia is reportedly looking to merge EA into a new mega-corporation
(وێنەکە لە EA وەرگیراوە)
(وێنەکە لە EA وەرگیراوە)

EA's new Saudi Arabia owners are reportedly looking to shuffle the publisher into a new gaming giant that would combine and spearhead the country's gaming strategy.

Bloomberg reports that early considerations at Saudi Arabia, the supermajority owner in a new consortium of investors that took EA private in a deal that closed August 4, would see EA merged with Savvy Games, a group established by Saudi Arabia's Public Investment Fund (PIF) in 2021 as the bedrock for yet more billions in investment.

EA and PIF representatives evidently declined to comment on the report.

The report stresses that final decisions have not been made and are unlikely to come until, at the very least, Savvy can close the $6 billion acquisition of Chinese studio and Mobile Legends maker Moonton.

On the Public Investment Fund website, Savvy Games' stated goal is "achieving leadership status in the games industry by 2030."

"Savvy has been growing rapidly since being established, with ESL FACEIT Group, the world’s #1 esports company, and Scopely, the #1 mobile games company in the United States, under its portfolio," it adds.

If such a merger goes through, and passes regulatory scrutiny, it would put EA's sports franchises and Scopely's Pokemon Go – not to mention Monopoly Go! – in the same place.

هەفتانە هەرسکردنەکان، چیرۆکەکانی ئەو کۆمەڵگایانەی کە خۆشت دەوێن و زۆر شتی تر

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Cid, his pilot goggles lifted beneath his blonde hair, in Final Fantasy 7 Revelation, rubs his gloved hands together
Cid, his pilot goggles lifted beneath his blonde hair, in Final Fantasy 7 Revelation, rubs his gloved hands together
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سەرچاوەی فەرمی بە زمانی ئینگلیزی: https://www.gamesradar.com/games/a-month-after-buying-ea-saudi-arabia-is-reportedly-looking-to-merge-ea-into-a-new-mega-corporation/

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