Electronic Arts (EA), the US video game company, has entered into a definitive agreement to be acquired by an investor consortium comprised of PIF, Silver Lake and Affinity Partners in an all-cash transaction that values EA at an enterprise value of approximately $55 billion (€46.8m). Under the terms of the agreement, the consortium will acquire […]

Saudi Arabia’s sovereign-backed Public Investment Fund (PIF) has bought a major slice of broadcaster MBC’s shares that it did not already own. PIF has acquired a 54 per cent stake in the broadcasting group for an aggregate price of SAR 7,469 million (€1.62bn), at a price of SAR 41.60 per share. The deal was carried […]

Saudi Arabia is to invest $1 billion (€0.95bn) in DAZN and a forming new JV with the sports streaming service owned by Sir Leonard Blavatnik, as the country doubles up its bet on the global sports market. Surj Sports Investment, the sporting arm of Saudi Arabia’s Public Investment Fund (PIF), will acquire a “single-digit” minority […]

Saudi Arabia’s Public Investment Fund (PIF) is reportedly close to agreeing a $1 billion (€0.97bn) acquisition of a 10 per cent stake in sports streaming platform DAZN. A deal could be announced as early as this January, according to Bloomberg, with the PIF’s sports arm, SURJ Sports Investment, representing the potential minority investors. An agreement […]

PIF, Saudi Arabia’s Public Investment Fund, is reportedly exploring the purchase of a minority stake worth around $1 billion in DAZN, the sports-streaming service backed by billionaire Len Blavatnik. If a deal is reached  it could increase the fund’s influence in European football as DAZN is a key broadcasting partner for Italy’s Serie A, Spain’s […]

Saudi Arabia’s Public Investment Fund has created a new venture, the NEOSpace Group (NSG). The business says it aims to develop and enhance commercial activities related to the sector within Saudi Arabia by providing innovative solutions for satellite and space services both locally and internationally. The new business unit is part of Saudi Arabia’s move […]