Public Investment Fund's Schedule 13D Filing for Electronic Arts Inc.

The Public Investment Fund (PIF) of Saudi Arabia has filed a Schedule 13D with the SEC, indicating its beneficial ownership of approximately 9.9% of Electronic Arts Inc.'s common stock. The filing amends and supersedes a previous Schedule 13G. PIF has entered into a Merger Agreement with Electronic Arts, Oak-Eagle AcquireCo, Inc., and Oak-Eagle MergerCo, Inc., which outlines a plan for Oak-Eagle MergerCo to merge with Electronic Arts. Upon completion, Electronic Arts will become a wholly owned subsidiary of Oak-Eagle AcquireCo, and its common stock will be delisted from the Nasdaq Global Select Market. PIF has also entered into a Support and Rollover Agreement, committing to vote in favor of the merger and contributing $5.2 billion worth of shares to a parent company of Oak-Eagle AcquireCo. The merger is supported by equity and debt financing commitments totaling approximately $56.4 billion.