PIF buys stakes of over 5% in 2 Tokyo-listed video gaming firms: report

04/02/2022 Argaam
Logo of Public Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) acquired stakes of over 5% in Nexon and Capcom, two Japanese video gaming companies, Bloomberg reported, citing unnamed sources with knowledge of the matter.

 

Saudi Arabia's sovereign wealth fund earlier invested in US-based Activision Blizzard, which has been recently acquired by Microsoft for $68.7 billion.

 

Last month, the PIF announced launching of Savvy Gaming Group (SGG), Argaam reported.

 

SGG aims to be a leading player in the electronic games development sector on the local and international levels, the Kingdom’s sovereign wealth fund said in a statement.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.