VIDEO GAME GIANT Electronic Arts announced Monday it would be acquired by a consortium led by Saudi Arabia’s Public Investment Fund for $55 billion (€46.9 billion), in what EA said would be the largest all-cash private equity buyout in history. AdvertisementThe acquisition is expected to close in early 2027 and requires approval from EA shareholders and regulatory authorities. Saudi Arabia’s PIF, which already holds a 9.9% stake in EA, will roll over its existing investment as part of the transaction. The deal will be financed through approximately $36 billion (€30.7 billion) in equity from the consortium members and $20 billion (€17 billion) in debt committed by JPMorgan Chase. The deal marks PIF’s latest major investment in the gaming sector as Saudi Arabia seeks to diversify its economy beyond oil revenues.