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The Saudi Arabian Public Investment Fund (PIF) has announced that it has acquired a minority stake in Japanese publisher Capcom, known for the Resident Evil, Monster Hunter, The Devil May Cry, and Street Fighter franchises, Bloomberg reports.
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
Japanese gaming firms, which are generally less agile and outward-looking than their U.S. peers, may struggle as companies invest in the metaverse.
/PRNewswire/ -- The latest market research report, "Arcade Gaming Market by End-user, Type, Genre, and Geography - Forecast and Analysis 2021-2025" by...