The proposed acquisition of Electronic Arts (EA) by an investor consortium, spearheaded by Saudi Arabia's Public Investment Fund (PIF), has successfully navigated a key regulatory checkpoint. The European Commission announced its approval of the merger on July 23, concluding that the transaction does not present any competition concerns.
This development, widely anticipated, officially clears the path for the $55 billion leveraged buyout. The substantial debt associated with the deal has fueled speculation that EA may implement significant cost-cutting measures post-acquisition. Such measures could potentially include widespread layoffs, the closure of studios, and the cancellation of ongoing game projects. However, no definitive changes are expected until the deal is formally finalized.
Concerns have been raised regarding the future of EA's studios, particularly BioWare. Reports citing anonymous sources within BioWare suggest the studio could be among the first to face cuts under new ownership. "I’ve been doing it since last year, but I’m making sure I have a portfolio ready and feelers out for other jobs," one developer stated, expressing a sentiment that "Kind of feels like a matter of time."
BioWare is recognized for its commitment to inclusive storytelling and diverse characters. Patrick Weekes, a former BioWare writer who was laid off in 2025, has theorized that the new ownership, which also includes private equity firm Silver Lake and Affinity Partners, might seek to avoid content perceived as political or disagreeing with the PIF's leadership. Weekes further speculated that EA might consider closing BioWare entirely to preemptively address any such concerns should the sale proceed.
Despite acknowledging potential risks associated with the sale in 2025, EA continued to move forward with the acquisition. The transaction has also drawn attention outside regulatory bodies, with instances like cosplayers protesting the deal at EA's California headquarters.