All Stories Tagged: Saudi Arabia

The Saudi royal family-backed investment in Nintendo was reduced from 8.58 percent to 7.54 percent.

Where Embracer was previously on an acquisition spree, the alleged failed deal with Savvy Gaming sent its share value plummeting and led to layoffs.

The Saudi Arabian Public Investment Fund (PIF) has been building a sizable stake in EA over the course of several years.

The studio behind Marvel Strike Force is being folded into Savvy Games Group.

The Saudi Arabian government has increased its investment in Nintendo once again after a previous increase confirmed in January 2023.

By way of the Public Investment Fund, Saudi Arabia has heightened its stake in Nintendo, becoming one of the company's largest shareholders.

The state-backed Savvy Gaming Group is set to invest $37 billion USD into gaming altogether, which will include acquisition of a major publisher.