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Saudi Arabia’s $55 billion EA buyout approved by the European Commission, who say it doesn’t “raise competition concerns”
The European Commission has approved the proposed $55 billion takeover of Electronic Arts by Saudi Arabia’s Public Investment Fund, alongside Silver Lake and Affinity Partners, concluding that it does not create competition concerns in EU markets. The decision is significant because it removes a major regulatory hurdle for one of the games industry’s largest-ever buyouts,…
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European Commission says EA’s controversial $55 billion buyout “would not raise competition concerns” and clears it for Saudi-led ownership
The European Commission has approved Electronic Arts’ proposed $55 billion takeover by a Saudi-led investor group, concluding that the deal would not create competition concerns. The decision removes a significant regulatory obstacle for one of the largest proposed acquisitions in the video games industry, though the ownership arrangement has drawn controversy because of Saudi Arabia’s…
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EA Sale To Saudi Arabia Clears A Major Hurdle
Electronic Arts shareholders have approved the proposed $55 billion sale of the games publisher to an investor group led by Saudi Arabia’s Public Investment Fund. The vote removes a major obstacle to taking EA private, but the transaction still requires regulatory approvals before it can be completed. Shareholders would receive $210 per share in cash…
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Boy, seven, is lanced through the stomach by javelin thrown by top young athlete leaving him seriously injured in France
A seven-year-old boy was seriously injured in France after being struck in the stomach by a javelin reportedly thrown by a leading young athlete. The incident highlights the potentially severe risks involved in athletics training and competitions, particularly where spectators or children are near throwing areas. The report does not provide further verified details about…
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Darline Graham reveals what Trump told her inside Oval Office after brother Lindsey’s death
Sen. Darline Graham of South Carolina has spoken publicly for the first time about a private conversation with President Donald Trump in the Oval Office following the death of her brother, Sen. Lindsey Graham. The disclosure came during an interview on Fox News’ “Hang Out with Sean Hannity,” in which Darline Graham reflected on her…
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EU approves Saudi Arabia’s $55bn acquisition of EA, clearing path for largest private leveraged buyout of all time
The European Union has approved the $55bn (£43bn) acquisition of Electronic Arts by Saudi Arabia’s Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners, clearing a major hurdle for what would become the largest private leveraged buyout in history. The European Commission said its standard merger review found no competition concerns, meaning…
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Maldini confirms crisis-hit Italy have held talks with Guardiola and Ancelotti
The Italian football federation (FIGC) has confirmed it has held talks with Pep Guardiola and Carlo Ancelotti about becoming the new Italy manager, as the country seeks to rebuild after failing to qualify for a third consecutive World Cup. Technical director Paolo Maldini revealed the approaches following a meeting with Serie A clubs, saying the…
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The ‘mistake’ that finally led to charge of French ‘love rival’ more than a year after murder of British expat Karen Carter at her Dordogne home
Nearly a year after British expat Karen Carter was murdered at her home in the Dordogne, France, a woman described as a “love rival” has finally been charged in connection with the killing, following what investigators have called a “mistake” that unravelled the case. The development matters because it brings a long-stalled inquiry into a…
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Google hit with $1B fine in Europe
The European Commission has fined Google €890 million (about $1 billion) for breaching the EU’s Digital Markets Act. It said Google unfairly favoured its own services in search results and restricted competition through its Play app store, a decision that reinforces the bloc’s effort to regulate major technology platforms. The penalty comprises €460 million over…
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Lawmakers prepare bill requiring AI ‘kill switch’
US lawmakers are preparing to introduce the “AI Kill Switch Act”, legislation that would give the Department of Homeland Security the power to order AI companies to shut down or throttle their systems in the event of a serious loss-of-control incident. Representatives Ted Lieu and Nathaniel Moran are expected to introduce the bill on Thursday,…