Saudi Arabia owns a piece of more game publishers than you might think, including the likes of Nintendo and Take-Two.
Saudi Arabia's Public Investment Fund has in recent times targeted the videogames industry, and now owns a slice of many big players. The Saudi PIF has stakes in Activision Blizzard, Capcom, Embracer Group, Nexon, Nintendo, Take-Two Interactive and more. Now it'sThe PIF previously held 16.01 million shares in EA, but now holds 24.81 million–The total number of shares in EA stands at over 274 million, so that's around 9% of the total.
Saudi Arabia, for its part, has been pouring billions into games because it wants to make itself less completely dependent on oil. But Saudi investment is always controversial, because the country has an appalling human rights record, criminalises homosexuality , and its crown prince Mohammed bin Salman allegedly ordered. The Saudi government engaged in extensive efforts to cover up Khashoggi's killing. The crown prince chairs the Saudi PIF.
Unfortunately, however, money talks. The Saudis have an awful lot of it, and now have their fingers in a whole bunch of videogame pies. Sign up to get the best content of the week, and great gaming deals, as picked by the editors.Receive email from us on behalf of our trusted partners or sponsors
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