Saudi Arabia announces that it will invest about 1.8 trillion yen to acquire "major game publisher"! Prime Minister Prince Mohammed is investing in Nintendo, Capcom, etc.
Previous article
【Saudi Arabian Sovereign Fund Acquires 5.01% of Nintendo Shares! To the second largest shareholder ]
[ The game company "SNK" largest shareholder, Prince Mohammed, becomes Prime Minister of Saudi Arabia. ]
↓
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.”
The foreign exchange rate at the time of writing this article ↓
・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