PIF Weighs Folding EA Into Savvy Games as Saudi Fund Builds Gaming Portfolio

Bloomberg reported Thursday that Saudi Arabia’s Public Investment Fund is weighing a plan to fold Electronic Arts into Savvy Games Group, a little more than a month after a PIF-led consortium completed the roughly $55 billion take-private of the video game publisher.

The proposal, as described by Bloomberg, is still at an early stage. No final decision has been made, according to Bloomberg’s reporting, and there has been no public Securities and Exchange Commission filing or company announcement confirming a formal merger plan between EA and Savvy. Bloomberg also reported that EA and PIF declined to comment.

The timing stands out because EA only recently changed hands. A consortium led by PIF, alongside private equity firm Silver Lake and Affinity Partners, closed its acquisition of EA on Aug. 4, 2026, according to an EA SEC Form 8-K. EA had said when it announced the deal on Sept. 29, 2025, that the transaction was valued at about $55 billion and that public shareholders would receive $210 per share. After the deal closed, EA became a wholly owned subsidiary of the buyer entity.

That makes any internal discussion about moving EA under Savvy noteworthy, even if it does not result in a transaction. Bloomberg’s report points to a possible next step in PIF’s broader effort to build scale in gaming through a growing portfolio of publishers, developers and related businesses.

Savvy is the gaming investment vehicle backed by PIF, Saudi Arabia’s sovereign wealth fund. In public materials, Savvy says its goal is “achieving leadership status in the games industry by 2030.” Its existing portfolio already includes mobile game company Scopely and esports operator ESL FACEIT Group, according to PIF materials.

Savvy’s reach widened further through Scopely’s 2025 acquisition of Niantic’s games business, which brought Pokémon GO and other Niantic game assets under the same broader umbrella.

If PIF were ultimately to pursue the restructuring described by Bloomberg, it would place EA’s major console, PC and sports franchises alongside Savvy’s mobile and esports holdings. That would materially expand Savvy’s scale and further concentrate some of PIF’s gaming assets inside the unit it has positioned as the center of its industry push.

For readers, the key point is that no deal has been announced. Bloomberg reported only that the idea is being considered internally, and there are no formal merger documents on the public record. Any formal combination of assets of this size would also require regulatory review in multiple jurisdictions.

Bloomberg reported that a decision on any EA-Savvy combination is unlikely before Savvy completes its reported acquisition of Moonton, the Shanghai studio behind Mobile Legends. Other reporting has valued that transaction at about $6 billion.

For now, the unresolved question is whether PIF will leave EA where it sits after the August buyout or use the publisher to further build out Savvy as its main gaming platform. Bloomberg’s report suggests the option is under review, but no formal step has been disclosed.