All articles tagged with #saudi arabia pif
Silver Lake is set to complete the largest leveraged buyout in history by acquiring Electronic Arts for $55 billion, leveraging its strong ties with Middle Eastern sovereign funds and tech industry connections, marking a significant milestone in private equity and tech investments.
Electronic Arts is set to be acquired for about $55 billion in a record-breaking leveraged buyout backed by Saudi Arabia’s Public Investment Fund and private equity firms, marking a significant consolidation in the gaming industry amid stagnant revenues and increased competition. The deal will take EA private, with CEO Andrew Wilson remaining in his role, and is part of broader industry trends including recent large acquisitions like Microsoft’s purchase of Activision Blizzard.
Electronic Arts is in talks to be acquired by a group of US investors backed by Saudi Arabia's PIF, potentially the largest deal of 2025, with a deal possible as soon as next week, though nothing is finalized yet.
Lucid Motors' shares have plummeted nearly 47% this year, closing at $2.21, prompting CEO Peter Rawlinson to reassure investors during the company's Q3 earnings call. Rawlinson emphasized the company's long-term growth strategies and his personal investment in Lucid, highlighting that he hasn't sold shares except for tax purposes. He avoided commenting on whether the Saudi Public Investment Fund, a major stakeholder, might buy out Lucid. Rawlinson owns 18.5 million shares, valued at approximately $41 million.
Tiger Woods and Rory McIlroy were proposed ownership stakes in LIV Golf teams and participation in 10 LIV Golf events as part of talks between the PGA Tour and the Saudi Arabia Public Investment Fund (PIF). Documents released during a Senate hearing revealed additional proposals, including the removal of LIV Golf CEO Greg Norman and the involvement of PIF Governor Yasir Al-Rumayyan in the International Golf Federation. The agreement between the PGA Tour and PIF established a new for-profit entity called PGA Tour Enterprises, with PIF as a minority investor.