Saudi Arabia’s Public Investment Fund Acquires $1 Billion Stake In Embracer Group

Becomes the second largest owner with 8.1% of the company’s shares.

Following a series of video game company acquisitions made by Saudi Arabia’s Public Investment Fund recently, the state-run wealth fund has now spent $1.05 billion to purchase an 8.1% stake in Embracer Group.

That stake will make the PIF’s Savvy Gaming Group the second-largest shareholder in Embracer, according to Bloomberg. This follows recent investments by the PIF and its subsidiaries in gaming companies such as Capcom (5%), SNK (96%), and Nintendo (5%).

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