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NeoGAFs Kent Brockman
Saudi Arabia increases stake in Electronic Arts
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www.gamesindustry.biz
Saudi Arabia's Public Investment Fund has increased its stake in Electronic Arts.
According to Seeking Alpha, a new filing published yesterday for the three months ended March 31, 2023 shows the fund purchased more shares in the FIFA publisher during Q4 2022.
Prior to Q4, the PIF held 16.01 million shares in EA, but as of the end of Q1 2023, it holds 24.81 million – an increase of 55%.
Given EA's reported outstanding shares of over 274 million, that would put the PIF's ownership stake in the company at about 9%.