Public Investment Fund

MBS arrives in Paris as Saudi gaming ambitions take center stage

Electronic Arts is now owned by Saudi Arabia's Public Investment Fund after a consortium completed a $55 billion takeover of the gaming giant earlier this month, the largest leveraged buyout in history. The deal, which closed on August 4, places…

Saudi-led group completes $55B takeover of EA

Electronic Arts, one of the world's largest video game publishers, is now a private company after a $55 billion acquisition by a consortium led by Saudi Arabia's Public Investment Fund closed on August 4, 2026. The deal, the largest leveraged…

EA set to go private in record $55B Saudi-led buyout

Electronic Arts is set to complete the largest leveraged buyout in history on August 4, ending the video game publisher's 35-year run as a publicly traded company. The $55 billion all-cash deal, led by Saudi Arabia's Public Investment Fund, will…

Saudi fund poised to win EU approval for $55B EA deal

A consortium of investors led by Saudi Arabia's Public Investment Fund is poised to secure European Union approval for its $55 billion acquisition of Electronic Arts, removing one of the final regulatory hurdles for the largest leveraged buyout in history.

Saudi Arabia’s Humain, Canada’s Cohere partner on AI compute and sovereign models

Saudi Arabia's Humain and Canadian AI company Cohere announced a strategic partnership on Thursday to collaborate on AI compute and sovereign model development, marking Cohere's first international compute expansion outside North America.

Saudi Arabia scales back NEOM megacity as costs soar

Saudi Arabia is significantly downsizing its flagship NEOM development and the ambitious linear city known as The Line as Crown Prince Mohammed bin Salman acknowledges delays, cost overruns, and flaws in the project's original conception, according to a Financial Times…