The global esports and gaming sector has seen a flurry of developments in recent weeks, headlined by a USD55 billion (AUD83 billion) deal that places one of the world’s most prominent publishers under Saudi Arabian control.
Electronic Arts (EA) will shift to private ownership following its acquisition by a consortium led by Saudi Arabia’s Public Investment Fund (PIF), alongside Silver Lake and Affinity Partners. For Saudi Arabia, the deal is a continuation of its Vision 2030 strategy, which has prioritised gaming and esports investment as a pathway to diversify its economy and expand global cultural influence.
A Reinforcement of State-back Capital in Reshaping the Gaming Industry
Saudi Arabia has already committed over USD90 million (AUD136 million) to fund the upcoming Esports World Cu