From VGC: "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.
PIF is a sovereign wealth fund chaired by crown prince Mohammed bin Salman, and is is reportedly central to his goal of making the Saudi economy less reliant on proceeds from oil."
Was this the same Saudi that recently bought into SNK as well?
edit: yep https://www.theverge.com/20...
Guy must really be into gaming.
I didn’t think such a religiously stringent country would get involved in video games, or western ones at least.