Electronic Arts, which will soon become a private company If his purchase gets the green light, he guaranteed he would retain creative control and complete freedom.
However, a document presented to the Brazilian antitrust regulator reveals that the Saudi Public Fund would control almost the entire company.
93.4% to be more exact and whether the information collected by the WSJ is accurate, as it is the media that echoes the information in the document itself.
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It was understandable that, when acquiring a company, the person responsible for said acquisition – three in this case – would have great influence on the company’s decisions.
The relevant thing about this information is that until now it was not known what percentage each person would have in Electronic Arts, much less that the PIF would have so much.
This document specifies that the Saudi Fund would have 93.4% of EAwhile Silver Lake and Affinity would get 5.5% and 1.1%, respectively.
This means that the PIF would have to finance almost the entire operation and, therefore, have greater creative and decisive weight in current and/or future games.
The consortium is financing the operation with $36.4 billion in equity and $20 billion in debt, it was announced at the end of September.
He The Saudi Fund is also renewing its stake in EAwhich is worth around US$5.2 billion at the acquisition price.
Electronic Arts or Saudi Arts?
The WSJ assures that this implies provide about $29 billion in cash new to reflect your ultimate ownership interest.
PIF is also a major investor in Silver Lake and Affinityfurther increasing the tax risk they face if the business deteriorates.
that he Saudi investment fund controls more than 93% of Electronic Arts can change a lot of things -besides users not liking it-, since PIF has many other investments in video games.