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EU Clears $55 Billion Saudi-Backed Takeover of EA, Citing No Competition Concerns

EU Clears $55 Billion Saudi-Backed Takeover of EA, Citing No Competition Concerns

The European Commission approved the $55 billion leveraged buyout of Electronic Arts by a consortium including Saudi Arabia, Silver Lake, and Affinity Partners. Regulators said the deal does not raise competition issues under EU merger rules.

Original headline

Saudi Arabia's $55 billion EA buyout approved by the European Commission, who say it doesn't "raise competition concerns"