Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
February 28, 2021
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Saudi investment fund acquires shares in Activision Blizzard, Take-Two, and EA

Saudi investment fund acquires shares in Activision Blizzard, Take-Two, and EA

February 18, 2021 | By Chris Kerr




Saudi Arabia's Public Investment Fund (PIF) has acquired $3 billion worth of stock in U.S. game companies Activision Blizzard, EA, and Take-Two Interactive. 

As reported by Aljazeera, the Riyadh-based organisation is chaired by the crown prince of Saudi Arabia, Mohammed Bin Salman, who last November acquired a 33.3 percent stake in Japanese game company SNK though his charity, Misk.

Under Bin Salman's guidance, PIF has picked up 14.9 million Activision shares worth $1.4 billion, 7.4 million EA shares worth $1.1 billion, and 3.9 million Take-Two shares worth $826 million. 

According to the PIF website, the fund was established to "become the world's most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia."

Its latest investments, however, might concern those in the games industry, with Saudia Arabia's poor human rights record coming under increasing scrutiny, and Bin Salman themselves facing allegations relating to the assassination of The Washington Post journalist Jamal Khashoggi and the the torture of human rights activists.



Related Jobs

Bitwise Alchemy
Bitwise Alchemy — Austin, Remote, Remote
[02.26.21]

Senior Software Engineer (Remote)
DigiPen Institute of Technology
DigiPen Institute of Technology — Redmond, Washington, United States
[02.26.21]

Curriculum Developer in Visual Effects for Real-Time Engines
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[02.26.21]

Tools and Pipeline Programmer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[02.26.21]

Senior or Lead Tools and Engine Programmer









Loading Comments

loader image