Saudi sovereign fund acquires $3.3bn stake in Activision, EA, Take-Two

February 18, 2021

The Saudi Public Investment Fund (PIF), the nation’s funding neighborhood chaired by controversial crown prince Mohammed bin Salman, has scooped up shares in fine-title game publishers Activision Blizzard, EA and Take-Two rate more than $3.3bn.

The investments had been made in the fourth quarter of ultimate yr, and possess come to gentle now in a US Securities and Trade Commission (SEC) filing reported by Al Jazeera.

That filing shows the PIF now owns $1.3bn in shares in Name of Accountability creator Activision Blizzard and $1bn in shares for FIFA maker EA. This equates to round 3.5 per cent and 2.6 per cent respectively of these companies’ half totals.

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