Saudi investors pile $3 billion into major game publishers
The fund is chaired by Saudi Crown Prince Mohammad bin Salman, a self-confessed games fan
BlizzConline. Credit: Blizzard Entertainment
The Saudi Public Investment Fund (PIF) has reportedly purchased over $3billion (£2.1billion) worth of stocks in an array of major video game publishers.
In a report by
Al Jazeera, the SEC filings of the PIF detail an investment in Activision Blizzard, Take-Two Interactive, and Electronic Arts over the course of the fourth financial quarter of last year.
The fund is chaired by Saudi Crown Prince Mohammad bin Salman, who has been seen to take an interest in video game companies in the past. His charity, the Mohammad bin Salman Charity Foundation, also owns a 33.3% stake in SNK which is set to rise to a controlling share of 51% ownership in time. SNK’s largest IPs include