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Story summary
- The EU approved the $55 bn acquisition of Electronic Arts by Saudi Public Investment Fund and Affinity Partners, gave the Fund a 93.4 percent stake, the largest leveraged buyout ever, and said the European Commission found no competition concerns.
- Jared Kushner, son-in-law of U.S. President Donald Trump, is involved, prompting Communications Workers of America to urge FTC to examine the merger as sports-washing tied to Saudi Arabia’s record, including Jamal Khashoggi’s killing.
