Prince Mohammed bin Salman buys a piece at the toy market

The Public Investment Fund in the Kingdom of Saudi Arabia and manages it Principe Mohammed bin Salman, He revealed his latest investment: Inside we can also find a number of large companies in the video game industry. Let’s talk about Activision Blizzard, EA (Electronic Arts) y Take-Two Interactive, The parent company of Rockstar Games.

The Saudi Arabia Public Investment Fund specifically invested in $ 1.06 billion Buy 7.4 million shares of EA (Electronic Arts), plus 14 million shares of Activision Blizzard for an equal amount $ 1.4 billion. It also increased its investment in Take-Two Interactive, which already owns some of the shares. As you can see at the end of the story, analyst Matthew Countryman reported on Twitter that with these investments, Prince Mohammed bin Salman Fund now owns 2% of Activision Blizzard shares, 2.6% of EA shares and the 3.5%. Take-Two sold out.

The gaming market witnessed a Significant growth in 2020Especially from the digital point of view: as we know, the quarantine has led many players to increase their spending in the gaming sector and has convinced many new users to enter this world. Shares of EA, Activision and Take-Two, just to name the parties involved in the acquisitions of Prince Mohammed bin Salman, have seen significant increases in value over the past year.

The Saudi Arabia Public Investment Fund is one of the richest and most valuable funds in the world. $ 400 billion now. The organization aims to grow its portfolio by more than $ 1.07 trillion by the end of 2025, according to Markets Insider. Prince Mohammed bin Salman has said he wants to change the image of Saudi Arabia and make sure it is no longer tied only to oil. Diversification and focus on the gaming market seems to be part of this plan.

The authors of COD will surely be a success, in fact Activision Blizzard will apply the Call of Duty model to all its franchises.

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