The Saudi state fund acquired $ 3.3 billion worth of shares in Activision, EA and Take-Two companies.
The Saudi Public Investment Fund (PIF), the investment group headed by the country’s controversial crown prince, Mohammed bin Salman, has purchased more than $ 3.3 billion from major brand value game developers Activision Blizzard, EA and Take-Two. PIF’s investments were made in the fourth quarter of last year, but were brought to light by Aljazeera in the US Securities and Exchange Commission file.
The information in the file shows that PIF now owns a $ 1.3 billion stake in Call of Duty publisher Activision Blizzard and $ 1 billion in FIFA producer EA. These amounts correspond to approximately 3.5 percent and 2.6 percent of the companies’ total shares, respectively. In addition, PIF made an investment of $ 825 billion in GTA publisher Take-Two, which is about 3.5 percent of the company’s total shares. In addition, PIF had invested $ 1 billion in the Live Nation Entertainment group of companies and owned shares in these companies. The public fund is also known for investments of $ 4.4 billion in Uber and $ 150 million in NovaGold, which wants to mine gold in Alaska.
All these investments are not the first of Saudi Prince Mohammed’s investments in video games. Last November, the crown prince’s charity bought a third of the Japanese game company SNK to increase its shareholding to 51 percent. Prince Salman has also made a statement before saying that he enjoyed playing Call of Duty.
Finally, let us state that it is not yet clear whether the investments of Saudi Prince Mohammed will continue, but it is possible for these investments to continue.