In recent years, Saudi Arabia has sought to diversify its economy away from oil, making massive investments in the U.S. It is now seeking to invest in a gaming company with a consortium put together by President Trump's son-in-law and adviser, Jared Kushner.
Breakdown
- Saudi Arabia targets the U.S. video game industry with a major investment.
- A consortium led by Jared Kushner, with funding from the Saudi Public Investment Fund, plans to acquire Electronic Arts. 6s
- Jared Kushner has a close relationship with Prince Mohammed bin Salman, which began during Trump’s 2017 state visit to Saudi Arabia. 33s
- The deal reflects significant changes in Saudi Arabia’s approach to the entertainment industry and broader international relations. 49s
- The acquisition faces regulatory hurdles and is seen as part of a larger strategy involving economic and diplomatic transformation. 1m 22s