All articles tagged with #saudi arabia public investment fund
With Electronic Arts now under Saudi Arabia's Public Investment Fund, a former EA executive questions whether BioWare will continue funding the next Mass Effect, suggesting the project could be deprioritized or canceled as the publisher prioritizes profitable live-service titles; BioWare veterans have expressed doubts about the studio's future under the new ownership amid debt pressures and potential layoffs.
The European Commission will review Paramount's $24 billion merger with Warner Bros. Discovery under the Foreign Subsidies Regulation, assessing Middle Eastern funding from Saudi Arabia's Public Investment Fund, Qatar Investment Authority, and Abu Dhabi's L'imad Holding Co., alongside U.S. backers RedBird and LionTree. A Phase 1 deadline for this subsidy review is July 7, and the Commission must decide by July 14 whether to clear the deal or open a full investigation; the UK CMA is also launching a separate merger probe.