Saudi Arabia | Game World Observer

All publications by tag «Saudi Arabia»

Saudi Arabia increses its stake in South Korean game publisher Nexon to 10%

Saudi Arabia’s Public Investment Fund (PIF) has no plans to stop its global gaming expansion. It has now increased its stake in South Korean / Japanese publisher Nexon.

Industry News June 14

Saudi Arabia already invested almost $8 billion in global game companies over past 18 months

It is no secret that Saudi Arabia is betting big on video games as part of its strategy to diversify the country’s oil-centric economy. Here is how much money it has already invested in the sector across the globe.

Saudi Arabia increases its stake in Electronic Arts by more than 50%

Saudi Arabia’s Public Investment Fund (PIF) continues its gaming expansion. In its latest move, it has increased its stake in Electronic Arts by 55%.

Deals June 8, 2022

Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner

Savvy Gaming Group, established by Saudi Arabia’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group. This marks its second large investment in the Swedish games industry this year.

Deals May 18, 2022

Saudi Arabia’s Public Investment Fund buys 5% stake in Nintendo for around $3 billion

Saudi Arabia’s Public Investment Fund has made a big investment in Nintendo. It acquired a 5% stake in the Japanese company, which makes it the fifth-largest shareholder.

Industry News February 18, 2021

Saudi Arabia’s wealth fund invests over $3 billion in Activision Blizzard, Take-Two, and EA

Saudi Arabia continues to show interest in the game industry. The sovereign wealth fund bought stakes in three major publishers, with Activision Blizzard taking almost half of the $3 billion investment.