• Akira Toriyama passed away

    Let's all commemorate together his legendary work and his impact here

Saudi Arabian Public Investment Fund has acquired a $1 Billion stake in Embracer Group , Now 2nd largest owner of Embracer Shares with 8.1%

Ryuichi Naruhodo

Member
Disciple
Saudi Arabia has purchased a $1 billion stake in Embracer Group, acquiring 8.1% of the company’s shares.

Following the deal’s completion, the country’s Public Investment Fund (PIF) – through its subsidiary, Savvy Gaming Group – will be the second-largest owner of Embracer Group shares.

In a statement, Embracer founder and group CEO Lars Wingefors said: “Savvy Gaming Group’s investment of $1 billion enables us to continue executing our strategy proactively from a position of strength across the global gaming industry.

“Over the past few years, Saudi-based entities have become one of the most significant investors in the global gaming market, and the games market in MENA is one of the world’s fastest growing, with $5.7 billion in 2021 revenues and more active gamers than either the US or Western Europe.

“The largest country in this market, by far, is Saudi Arabia, and having visited Saudi Arabia, I have seen the gaming community and the opportunities first-hand.

“Our relationship with Savvy Gaming Group will enable us to set up a regional hub in Saudi Arabia, from which we will be able to make investments across the MENA region, either organically, via partnerships, joint ventures, or via acquisitions of companies led by strong entrepreneurs.”

 
is this the same fund that acquired also 5% of Nintendo stocks?

Technically , AFAIK , the technical difference here is that the one who took the stakes here is a subsidiary of KSA PIF called savvy gaming group , which its Gaming arm , while nintendo stock purchases were from KSA PIF itself

But in practically , both are nearly the same fund since the parent company is the same
 
Last edited:
Back
Top Bottom