Overview
- Bloomberg, as summarized by GameSpot, reports Netflix executives debated bids for EA, Fox and Disney but pulled back over concerns about how investors would react.
- Netflix now has a proposed roughly $82 billion agreement to buy Warner Bros. Studios that would require regulatory approval and is expected to face heavy scrutiny.
- Saudi Arabia’s Public Investment Fund has a reported about $55 billion proposal for EA that would give it majority control if completed.
- EA said in a recent regulatory filing that it would retain creative control even if the PIF-led takeover goes through.
- Senators Richard Blumenthal and Elizabeth Warren have raised concerns about potential foreign influence on EA in connection with the PIF proposal.