Tuesday, August 16, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Gaming Game Development

Saudi Sovereign Fund Invests US$3.3 Billion In Major Video Game Companies

by John Law
February 19, 2021
Activision Blizzard
48
SHARES
Share on FacebookShare on Twitter

The Saudi Public Investment Fund (PIF) recently made a hefty investment into shares of several major video game studios. The investment firm, owned by the Saudi crown prince, Mohammed bin Salman (also known by his acronym, MBS), now reportedly has stakes in Activision, Blizzard, EA, and Take-Two.

According to a report by Al-Jazeera, the sovereign wealth fund has acquired US$3.3 billion (~RM13.33 billion) worth of stocks from the three game companies, during the fourth quarter of last year. To break it down, it spent US$1.3 billion (~RM5.25 billion) on Activision Blizzard, US$1 billion (~RM4.05 billion) on EA, and US$825 million (~RM3.33 billion) in Take Two.

Additionally, the Riyadh-owned firm also has a stake in the US-based ride sharing company, Uber. US$4.4 billion (~RM18 billion) worth of shares, to be exact.

ADVERTISEMENT

(Image source: Office Snapshots.)

It bears mentioning that this isn’t the first time the crown prince has invested in video games. Known for his love of the medium, the Saudi prince purchased shares at SNK back in November last year; he now owns more than a third of the company.

The crown prince has also courted controversy for non-gaming matters in the past, chief among which being his alleged involvement in ordering the murder of Jamal Khashoggi, a Saudi-based journalist who worked at the Washington Post.

(Source: Eurogamer, Al-Jazeera)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: Activision BlizzardEASaudi ArabiaTake Two
Updated 9:44 am, Mon, 22 February 21
Back to top
Share19Tweet12SendShare

ADVERTISEMENT

RELATED ARTICLES

Kominfo unblock
Internet

Indonesia Unbans Steam Following Regulation Compliance

by Ian Chee
August 3, 2022
Apex Legends
Gaming

Respawn Is Making A Single-Player FPS For The Apex Legends Universe

by Ian Chee
July 11, 2022
Battlefield 2042 Specialists
Gaming

EA Denies Battlefield 2042 Manned By Skeleton Crew

by Ian Chee
June 9, 2022
Star Wars Jedi Survivor trailer
Gaming

Star Wars Jedi: Survivor Is The Name Of Fallen Order’s Sequel

by Ian Chee
May 28, 2022
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Apps

    WhatsApp Is Giving You Two Whole Days To Delete Messages

  2. 2
    Telco

    Maxis And U Mobile Reportedly The Only Holdouts From DNB 5G Network

  3. 3
    Fintech

    Touch ‘n Go RFID Fuelling Finally Goes Official: Now Available At 88 Shell Stations

  4. 4
    Game Development

    Saudi Sovereign Fund Invests US$3.3 Billion In Major Video Game Companies

  5. 5
    Mobile Phones

    vivo Y35 Now Available In Malaysia For RM 1,099

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.