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Saudi Arabia's PIF holds $1.2bn stake in Japanese gaming firms Capcom, Nexon: Bloomberg

RIYADH: Saudi Arabia's Public Investment Fund disclosed stakes of more than 5 percent in two Japan-listed gaming firms, with combined holdings worth around $1.2 billion, Bloomberg reported. The PIF, as it's known, have stakes in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon Co. PIF’s stake in Capcom is worth about
Saudi Arabia Ar Riya Nexon Co Capcom Co Public Investment Fund Street Fighter

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Sony loses US$20bn in market value - Taipei Times

Sony Group Corp shares fell 13 percent in Tokyo yesterday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp announced a US$69 billion deal to acquire games publisher Activision Blizzard Inc. The blockbuster acquisition escalates Microsoft’s spending spree to secure intellectual property assets for its Xbox Game Pass service, wiping US$20 billion off Sony’s valuation. The push to attract paying subscribers with an overwhelming portfolio of games challenges Sony�...
Bruxelles Capitale United States Amir Anvarzadeh Satya Nadella Phil Spencer Kazunori Ito

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