Saudi PIF weighing merger of EA and Savvy Games Group to create gaming giant

Less than six weeks after completing its $55 billion acquisition of Electronic Arts, Saudi Arabia's Public Investment Fund is already considering a major structural move — merging EA with its existing gaming arm, Savvy Games Group.

The details:

According to a Bloomberg report, PIF executives are weighing plans to combine EA and Savvy Games Group into a single entity, with the goal of creating "one of the world's biggest gaming firms" and ensuring "better coordination between its assets."
A merged entity would give Saudi Arabia a single vehicle through which to make acquisitions, develop games, and exploit intellectual property across the industry. No final decisions have been made.
Any deal would not happen before Savvy closes its pending $6 billion acquisition of Chinese mobile game company Moonton.
The $55 billion EA acquisition — the largest leveraged buyout in history — closed on August 5, with PIF holding a controlling interest alongside Affinity Partners and Silver Lake. The deal added $20 billion in debt, and sources previously told Insider Gaming that large-scale layoffs and studio closures are expected as EA works to clear it.
Both EA and the PIF declined to comment.

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