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Home Gaming Saudi sovereign fund acquires $3.3bn stake in Activision, EA, Take-Two

Saudi sovereign fund acquires $3.3bn stake in Activision, EA, Take-Two

The Saudi Public Investment Fund (PIF), the country’s investment group chaired by controversial crown prince Mohammed bin Salman, has scooped up shares in big-name game publishers Activision Blizzard, EA and Take-Two worth more than $3.3bn.

The investments were made in the fourth quarter of last year, and have come to light now in a US Securities and Exchange Commission (SEC) filing reported by Al Jazeera.

That filing shows the PIF now owns $1.3bn in shares in Call of Duty publisher Activision Blizzard and $1bn in shares for FIFA maker EA. This equates to around 3.5 per cent and 2.6 per cent respectively of those companies’ share totals.

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The Saudi Public Investment Fund (PIF), the country’s investment group chaired by controversial crown prince Mohammed bin Salman, has scooped up shares in big-name game publishers Activision Blizzard, EA and Take-Two worth more than $3.3bn.

The investments were made in the fourth quarter of last year, and have come to light now in a US Securities and Exchange Commission (SEC) filing reported by Al Jazeera.

That filing shows the PIF now owns $1.3bn in shares in Call of Duty publisher Activision Blizzard and $1bn in shares for FIFA maker EA. This equates to around 3.5 per cent and 2.6 per cent respectively of those companies’ share totals.

Read more

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