None
DA
Saudi Arabia's divisive EA buyout approved under EU merger rules
['Chris Kerr', 'Senior Editor', 'News']
gamedeveloper
The commission approved the move under its EA Merger Regulation rules after concluding the deal will not "raise competition concerns" because of a perceived "limited impact on competition in the markets where the companies are active."
"The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Electronic Arts Inc. of the US by the Public Investment Fund (‘PIF') of Saudi Arabia.
In an explainer on its website, the organization said it strives to examine whether proposed mergers could harm competition in the region.
"If it is considered that a merger will not harm competition, it is approved unconditionally.
Conversely, if a merger would harm competition, suitable commitments will be proposed by the merging firms to remove the harm.