Riyadh continues to strengthen its presence in the world of video games through various strategies, including direct investments and others led by companies affiliated with the Public Investment Fund. Among these moves is the acquisition of a majority stake in the Turkish company, Lum Games, by Scopely, a subsidiary of Savy Games, in a deal valued at approximately one billion dollars.
At the same time, Savvy Games is in negotiations to acquire the Chinese company Montone for $6 billion. In addition, the Public Investment Fund is participating in a $55 billion bid to acquire Electronic Arts and turn it private.
The Public Investment Fund also transferred a stake estimated at about $3 billion in Take-Two Interactive to Savi, in addition to other investments that include shares in Nintendo. This move strengthens Savi’s position as a major player in the global gaming industry.
