Saudi Arabia says it will spend $13bn to acquire 'a leading game publisher'
According to the article
・According to Saudi state news, Saudi Arabia will invest another $37.8 billion in the acquisition of the gaming industry, of which about $13 billion will be used to acquire “major game publishers.”
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・This investment
will be conducted through the Savvy Games Group, a subsidiary of the Saudi Arabian sovereign wealth fund PIF, aiming to become a major player in the gaming industry . Plans to acquire a major game publisher as a strategic development partner for 50 billion rials (approximately 13.3 billion yen) by
becoming minority shareholders in several of the ``major companies'' that it supports. -It won't be as much as big third-party publishers like Two are asking for, but it could be a deal for most other publishers. , has invested in a number of game developers in recent years PIF acquired a 5.01% stake in Nintendo this year, a 5% stake in Capcom and Nexon, and billions of dollars in Activision Blizzard, EA, Embracer and Take-Two. read the full story below
