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The nation of Saudi Arabia invested $ 3.3 billion in EA and more companies

By Sebastian Quiroz 0 COMMENTS 02/19/2021 1:52 pm

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At the end of last year it was announced that Mohammed bin Salman, crown prince of Saudi Arabia, bought through his MiSK Foundation, a non-profit organization, a third of the shares of SNK, this as part of his Saudi plan. Vision 2030, which tries to attract investors, tourism and offer a different look at your nation. Now, it was recently revealed that Mohammed bin Salman has once again invested in the video game industry.

According to Eurogamer, Saudi Arabia has used its Public Investment Fund to invest $ 3.3 billion in companies like EA, Take-Two Interactive and Activision Blizzard. This equates to one million shares in each company, although this only represents a minor part of the companies’ ownership.

While this could well work in favor of the Saudi Vision 2030 plan, Mohammed bin Salman and his government have been involved in various controversies in recent years. Notoriously, his alleged role in ordering the 2018 murder of journalist Jamal Khashoggi. On the other hand, last summer, Riot Games was going to hold the League of Legends European Championship in this country, but cut off his relationship with the nation after the eSports community showed their discontent with this decision.

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Via: Eurogamer

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Sebastian Quiroz

23 years. Editor at Atomix.vg. Consumer of pop culture.