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Al Jazeera

Saudi fund, Kushner’s firm to buy Electronic Arts in $55bn deal

Al Jazeera · Just In
Al Jazeera
Al Jazeera
Just In

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
International PoliticsVideo GamesEconomy