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Saudi Arabia's Public Investment Fund, which is the country's bottomless pit of money used to diversify into sectors beyond oil, has a new acquisition in place: a small chunk of the Big N. Saudi Arabia now has 5.01% stake in Nintendo according to a Bloomberg report that detailed a recent Japanese Finance Ministry filing. Other companies with som...
The company that made The King of Fighters XV and other classic 2D action and fighting games is pretty much fully owned by Saudi Arabian royalty. In late 2020, the company known as Electronic Gaming Development Company (EGDC), that is owned by Saudi Arabia crown prince Mohammed bin Salman, previously purchased a 33% stake and became SNK's larges...
The ESL, one of the world's biggest and oldest esports companies, has been bought by Savvy Gaming, an esports investment company backed by the Saudi Arabian Government's Public Investment Fund (via Handellsblatt). For how much, you may ask? A humongous US$1 billion if you didn't catch the headline. Money has never been an issue for the Public In...
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