Saudi Arabia continues gaming investments with increased stake in EA, Take-Two

Only days after its Nintendo stock increase, Saudi Arabia’s Public Investment Fund has once again thrown more money at Electronic Arts and Take-Two Interactive. 

The PIF bolstered its stronghold in EA from 5.1 to 5.8 percent after acquiring 2 million shares as 2022 came to a close. After purchasing almost 3 million shares, the fund’s investment in Take-Two jumped from 5.3 to 6.8 percent as well in 2022. As of February 2021, the Saudi PIF had already invested roughly $3.3 billion into EA, Take-Two, and Activision Blizzard. 

About Post Author