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Spending $29 billion! Saudi Arabia has almost "completely bought" EA
Wallstreetcn·- Saudi Arabia's sovereign wealth fund is completing the acquisition of Electronic Arts, holding 93.4% of the company, marking one of the largest leveraged buyouts primarily funded by the Saudi fund. - The Public Investment Fund (PIF) will invest approximately $29 billion in new funds for the $55 billion deal, amidst increasing financial pressure and a projected budget deficit of 5.3% of GDP in 2025. - This transaction signifies a shift in sovereign wealth fund strategies towards more active control, raising concerns about the financial risks involved given the fund's existing commitments and the volatile oil market.
