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The Saudi Arabia Public Investment Fund (PIF) made a number of very interesting investments for video gamers. What happens is that it came to light that he invested millions of dollars to own a part of major video game companies such as Electronic Arts, Activision and Take-Two.
As reported by Eurogamer, the total investments amount to 3.3 MMDD and were made in the last quarter of last year. The information came to light thanks to the United States Securities and Exchange Commission making a record of it.
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The question is, how is this amount divided between the companies? To begin with, we have that PIF now owns $ 1,300 million of shares in Activision Blizzard, which represents about 3.5% of the company’s shares. On the other hand, he invested $ 1000 million in Electronic Arts, which translates into 2.6% of the company’s total shares.
Finally, we have the investment in Take-Two, which was $ 825 million to buy about 3.5% of the company’s shares. We remind you that Take-Two is the company that owns distributors such as Rockstar Games and 2K Games.
Saudi Arabia has other investments in gaming
Although it is hard to believe, this is not the first time that the Government of Saudi Arabia has invested in gaming through the Public Investment Fund.
What we are referring to is that at the end of 2020 it was confirmed that the PFI closed a millionaire agreement to be a dream of 3.3% of SNK’s shares. It is the company behind classic franchises like Metal Slug or The King of Fighters.
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These are investments made as part of Vision 2030, a project with which the crown prince, Mohammed bin Salman, wants to diversify the economic activities of Saudi Arabia to stop depending on the oil industry. It is worth mentioning that this guy is a gaming fanatic, so his preference for these companies is not surprising.
And you, did you imagine that a government fund would end up investing in these giants? Tell us in the comments.
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