Saudi Arabia-led group spends $55bn on Electronic Arts
UKPulse News Desk
A group of investors, including Saudi Arabia’s wealth fund, spent $55bn (£41bn) last week to acquire video games company Electronic Arts (EA). This move is reportedly part of a broader pattern of investment in esports by Saudi Arabia.
- Saudi Arabia’s wealth fund and other investors spent $55bn (£41bn) on Electronic Arts last week.
- Electronic Arts is known for games such as The Sims, Madden NFL, and Battlefield.
- Critics are concerned about authoritarian regimes using games as propaganda tools.
Last week, Saudi Arabia’s wealth fund, alongside a group of investors, acquired video games company Electronic Arts for $55bn (£41bn). Electronic Arts is the company behind popular titles including The Sims, Madden NFL, and Battlefield.
This investment is reportedly part of a wider trend of Saudi Arabia investing in esports. According to Keith Stuart and George Osborn, this pattern suggests that superpowers and authoritarian regimes view games as potential propaganda tools, raising concerns among critics about countries like Saudi Arabia gaining access to billions of players globally.
Why this matters: Critics are concerned that this investment is part of a pattern where authoritarian regimes use video games as propaganda tools.