Saudi Arabia moves $12 billion in gaming investments to Savvy Games Group

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Saudi Arabia's Public Investment Fund is transferring $12 billion in video game company shares to its subsidiary, Savvy Games Group. This move consolidates the kingdom's significant investments in the global gaming sector. The transfer includes stakes in major companies like Nintendo and Bandai Namco. Savvy will ultimately hold approximately 10% stakes in firms such as Koei Tecmo, NCSoft, Nexon, and Square Enix. Savvy, established in 2021, aims to diversify Saudi Arabia's economy beyond oil. The subsidiary has previously acquired Scopely and invested in Niantic.


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Saudi Arabia moves $12 billion in gaming investments to Savvy Games Group | News Minimalist