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
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...
Saudi digital security firm Elm Company agrees to acquire business services firm Thiqah from Saudi Arabia's PIF, which is also Elm's majority owner, for $906M
Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia's PIF, which would convert to ~12.1% of the company's issued shares
P.R. Venkat / Wall Street Journal :
Saudi Arabia's Savvy Games Group plans to acquire US-based mobile game maker Scopely for $4.9B; Scopely was reportedly valued at $5.4B in October 2021
End of 2019 I made the big jump from Europe to the US. … Mike DeLaet : Congrats to all of my friends and former colleagues at Scopely for such a tremendous outcome! It was great to see a lot of you a...