Saudi Arabian sovereign fund continues with its investments in the gaming industry. The Saudi Public Investment Fund, which is being led by Saudi Arabia’s controversial crown prince Mohammed Bin Salman, Has got shares worth $3.3bn from Activision, EA, and Take-Two.
The Saudi Public Investment Fund (PIF) now owns $1.3bn shares of Activision Blizzard (3.5 percent). $1bn of EA is also bought(2.6 percent), in the Take-Two side, shares worth $825m have been bought(3.5 percent).
The PIF not only invests in gaming companies but also other ones, like Uber. They’ve bought a total of $4.4bn stakes from Uber, around $1bn for Live Nation Entertainment, and $150m in NovaGold. The PIF previously also bought 33% of a Japanese game company, with aim of having the majority ownership over the company.
Looks like the PIF will continue their investments for other companies as well, stay tuned for more news about this matter when they arrive.