Saudi Arabia invested $3.3 billion in gaming giants

The quarantine of many areas and restricted social actions because of the coronavirus, which affected the entire world, additional elevated the curiosity in the sport trade.

Hundreds of thousands of people that stayed at dwelling throughout the epidemic confirmed nice curiosity in video games. World gaming revenues elevated by 20% to $179.7 billion in 2020.


In line with the information in Aljazeera, a full $3.3 billion funding was made in EA, Activision and Take-Two firms from the Saudi Public Funding Fund, Saudi Arabia’s wealth fund.

Within the printed file, Saudi Arabia’s Activision-Blizzard for $1.39 billion (15 million shares), $1 billion (7.42 million shares) for EA, and $825 million (3.97 million shares) for Take-Two. million shares).

The Saudi Arabian funding fund at present owns 3.5 p.c of the whole shares of Activision. The nation, which has additionally develop into the fifth largest investor of Activision, owns 2.6 p.c of EA and three p.c of Take-Two. He holds .5.

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