The activity in the gaming industry continues at full speed. As it is known, Microsoft made a critical decision earlier this year and launched Activision Blizzard, known for series such as Call of Duty. $68.7 billion he bought. After this move, the number of investments made in the sector increased to a great extent. Finally, it was revealed that the Saudi Arabian Public Investment Fund bought shares from the world-famous game company Nintendo.
Saudi Arabia now owns 5 percent of Nintendo
Saudi Arabia’s first investment in the gaming industry is not Nintendo. Because the state fund has been making astonishing investments in gaming and e-sports companies, especially in the last two years. However, as of this year, we can say that the studies on the subject have gained momentum. The country bought 5 percent shares from Capcom and Nexon, which are prominent companies in the sector, in February.
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According to Bloomberg’s report, the Saudi Arabian Public Investment Fund has now bought a 5.01 percent stake in Japan-based Nintendo, one of the best in the gaming industry. While it is not disclosed how much was paid for the deal at the moment, it was stated in the statement made to the Ministry of Finance of Japan that the relevant purchase was for investment purposes.
Saudi Arabia, together with Nintendo, has invested in the third Japanese game company to date. Apart from that, he took the title of fifth largest shareholder of the company.
Of course, the country’s investments in the game market are not only specific to Japan. Because before, companies such as EA Games, Take-Two and Activision Blizzard were paid astonishing amounts of money. In fact, the Saudi state fund, which has 37.9 million shares in total from Activision Blizzard, was losing serious money in its investment until Microsoft stepped in.
So what do you think about this subject? What do you think could be the main reason for Saudi Arabia’s investments in the gaming industry? Do not forget to share your views with us in the comments section.