Saudi Arabia’s Public Investment Fund (PIF) — the massive sovereign wealth fund driving many of the kingdom’s biggest economic ambitions — is under renewed scrutiny following its role in a $55 billion takeover of Electronic Arts (EA). The acquisition, carried out alongside Silver Lake and Jared Kushner’s Affinity Partners, is expected to close in early 2027. But behind the headline-making deal, fresh reports indicate the PIF may be grappling with significant financial strain.
The PIF is a central pillar of Crown Prince Mohammed bin Salman’s Vision 2030 strategy, an economic transformation plan aimed at reducing the kingdom’s reliance on oil. To achieve that, the fund has poured billions into some of the world’s most ambitious development projects.
Among the most prominent is NEOM, the futuristic mega-city promoted as a model for next-generation living/
The $55 billion acquisition of EA — one of the largest in the history of the video game industry — has deepened concerns about how the PIF is allocating its capital. EA, known for major franchises including Battlefield, The Sims, Apex Legends, and Madden NFL, will reportedly assume $20 billion in debt as part of the buyout.
Read the full story at TechStory