The Saudi Arabia Public Investment Fund (PIF) wanted to once again extend the scope of its business and spent more than $ 3.3 billion to buy shares of Electronic Arts, Take-Two Interactive, Y Activision Blizzard.
This fund controlled by the Crown Prince of Saudi Arabia, Mohammed bin Salman, is an investment group that in the past has acquired shares in other companies outside the world of video games such as Uber, Live Nation Entertainment and Nova Gold. But this new investment by the FIB is still striking.
According to Al Jazeera, This acquisition of shares of EA, Take-Two Interactive and Activision Blizzard by the PFI occurred during the last quarter of 2020, however, it only came to light due to a report from the United States Securities and Exchange Commission.
Said report (via Eurogamer) states that the PIF now has $ 1.3 billion worth of shares in Activision Blizzard (3.5% of total shares), $ 1 billion of EA shares (2.6% of total) and $ 825 million in Take-Two shares (3.5% of the total).
In that sense, although these are not the first investments in video games of the prince of Saudi Arabia (last year he bought a third of SNK through his charity), they reiterate that this is a field that interests the controversial monarch who has been targeted for events such as the murder of journalist Jamal Khashoggi.