Sources: EA is selling a $15B debt package to fund its $55B take-private deal led by Saudi Arabia's PIF, including nearly $700M in projected annual cost savings
Sources: EA is selling a $15B debt package to fund its $55B take-private deal led by Saudi Arabia's PIF, including nearly $700M in projected annual cost savings
Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, sources say for $6B; ByteDance bought Moonton for ~$4B in 2021
ByteDance Ltd. has agreed to sell games unit Moonton to Savvy Games Group for $6 billion, unloading a gaming studio it acquired …
Saudi Arabia's PIF transfers ~$12B worth of gaming company shares, including of Nintendo, to Savvy Games; PIF already transferred 11M Take-Two shares in 2025
Saudi Arabia's Public Investment Fund is transferring roughly $12 billion worth of gaming company shares, including firms …
Sources: Saudi Arabia's PIF is the largest contributor to the $36B in equity to finance the EA deal; the PIF will roll over its $5B EA stake into the new entity
Bloomberg :
Sources: EA is in talks to go private in a deal valuing it at ~$50B; investors include Jared Kushner's PE firm and Saudi Arabia's PIF; EA closes up 14.87%
Investors including Silver Lake eyeing deal that would likely be the largest leveraged buyout ever
Sources: OpenAI talked to Saudi Arabia's PIF, India-based Reliance, and the UAE's MGX about investing in the next installment of its $40B round led by SoftBank
OpenAI has talked to Saudi Arabia's Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder …
Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund
PIF-backed Humain courts US tech investors and plans $10bn venture fund — Andrew England and Ahmed Al Omran in Riyadh
Surj, the sporting arm of Saudi Arabia's PIF, plans to invest $1B in DAZN and a new joint venture with the sports streamer; source: Surj will take a <5% stake
SURJ Sports Investment doesn't just invest for the sake of it. Any deal must add value to the Kingdom and align with its sporting ambitions, not just be a strong Matt Slater / @mjshrimper : In the lat...