Saudi Arabia’s government investment fund, the Public Investment Fund, PIF, is set to take nearly full ownership of Electronic Arts (EA), Ben Dummett and Eliot Brown of The Wall Street Journal reports, citing a filing. The fund has teamed up with buyout firm Silver Lake and Affinity Partners to purchase EA for $55B including debt in a deal. The consortium is funding the deal with $36.4B in equity and borrowing $20B of debt.
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