All articles tagged with #saudi pif
Electronic Arts is set to be taken private in a $55 billion deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners, with shareholders receiving $210 per share in cash; the deal is expected to close in early 2027, and CEO Andrew Wilson will remain in his position.
A group of investors, including Saudi Arabia's PIF, Silver Lake, and Affinity Partners, are in advanced talks to acquire EA in a $50 billion leveraged buyout, potentially the largest ever, with an announcement possible next week, causing EA's shares to surge.
Lucid reported significant losses in Q2, with ongoing manufacturing and supply chain issues, a need for substantial additional funding, and a challenging market environment, raising concerns about its future viability despite backing from Saudi PIF.
PGA Tour commissioner Jay Monahan met with Saudi PIF governor Yasir Al-Rumayyan and player directors, including Tiger Woods, to discuss the PIF's potential investment in the Tour, but the update provided was vague and underwhelming, with Monahan stating that the meeting was "constructive" but offering no further details. The ongoing negotiations and lack of transparency have raised doubts about Monahan's leadership, and it seems that more meetings will be needed to make progress in resolving the conflict.
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and French private equity firm Ardian are set to acquire a 25% stake in Heathrow airport for £2.4bn. The deal will make PIF the third-largest investor in the airport, while Ardian will become the fourth-largest. The acquisition comes as the airport faces financial challenges due to the COVID-19 pandemic and aims to strengthen its position for future growth.