The sale of Electronic Arts was approved by 99% of shareholders

Beyond possible blocks imposed by the control bodies on the market, the sale of Electronic Arts received a broad green light from those directly involved, considering that approximately 99% of shareholders approved the maneuver.

We had already seen that the sale had been approved by EA’s shareholders, but what emerges in these hours is the notable percentage of votes in favor of the acquisition, which was approved almost unanimously, considering that the approval also came from the owners of 201 million in assets, compared to a total of 203 million.

According to what was reported by the SEC, over 99% of those entitled therefore voted in favor of the acquisition, paving the way for the change of ownership, barring any arrests imposed by the control bodies antitrust.

EA will be almost totally controlled by the Arab PIF

This is not too surprising, considering that the 55 million dollar acquisition also entails a gain of 25% extra on the value of each sharebringing this to $210 per share and representing a great deal for investors.

With this acquisition, Electronic Arts would become almost totally controlled by Saudi Arabia’s public financing fund, which would reach own 93% of the companyguaranteeing almost absolute control.

This is an element that has raised various controversies, but it seems that the issue has not affected the shareholders (and their wallets) too much, who voted en masse for the sale, also given the great reassurances from EA management on maintaining creative freedom after the maneuver.

This aspect will obviously need to be evaluated in the near future, also considering how the acquisition also involves the transfer of a significant amount of debt on which the new owners will have to act, perhaps also through cost containment maneuvers.