It comes as no surprise that the European Union has finally given the green light to the acquisition of EA by the consortium that includes, among others, the Saudi Arabian sovereign wealth fund.

The European Commission has therefore approved the proposed merger of EA, valued at $55 billion. The Commission based its approval on its Merger Regulation. It determined that the deal would not "raise competition concerns" due to a "limited impact on competition in the markets where the companies are active".

Here is the full summary of the decision provided by the European Commission.

"The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Electronic Arts Inc. of the US by the Public Investment Fund (‘PIF’) of Saudi Arabia. The transaction relates primarily to the production and distribution of video games for mobile devices, PCs and consoles, as well as the organization and commercialization of video game competitions, commonly referred to as electronic sports events.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active. The notified transaction was examined under the normal merger review procedure."