Saudi Arabia is accelerating plans to transform itself into a hub for gamers with its blockbuster deal to take Electronic Arts private.
In addition to an existing $5 billion equity stake it is rolling over into the new entity, the kingdom¡¯s Public Investment Fund is providing more fresh capital than partners Silver Lake Management and Jared Kushner¡¯s Affinity Partners to buy out the other public investors, according to people familiar with the matter.
That¡¯s made it the largest contributor to the $36 billion in equity being put in to finance the deal, the people said, asking not to be identified discussing non-public information.
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