Saudi Arabia

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Saudi Arabia has invested billions in Activision, EA and Take-Two

By Alex Calvin, Friday, 19 February 2021 17:08 GMT The country’s Public Investment Fund has bought $3 billion in these publishing giants.The Saudi Arabian Public Investment Fund (PIF) has started buying up stakes in triple-A games giants.As reported by Al Jazeera, the Riyadh-based sovereign wealth fund – chaired by crown prince Mohammed bin Salman – has invested more than $3 billion into companies including Activision Blizzard, Electronic Arts and Take-Two during the last quarter of 2020.The PIF acquired 14.9 million shares in Activision Blizzard, worth around $1.4 billion, as well as 7.4 million EA shares and 3.9 million Take-Two shares,…