Public Investment Fund
Public Investment Fund business and news from across the web.
One Of The Top 10 Biggest Gaming Buyouts In History Just HappenedSavvy Games Group has confirmed its acquisition of Moonton Technology, the developer of Mobile Legends: Bang Bang, for over $6 billion USD. This deal marks the sixth-largest buyout in video game history, with ByteDance making a $2 billion profit from its 2021 purchase. Savvy Games Group has been active in acquisitions, previously buying Scopely and Niantic's gaming division.
Crown prince of Saudi Arabia's Electronic Gaming Development Company acquires 5% stake in CapcomSaudi Arabia's Electronic Gaming Development Company (EGDC), a subsidiary of the Misk Foundation, has acquired a 5% stake in Capcom, reportedly as a pure investment. This follows a similar acquisition of Capcom shares by the Public Investment Fund (PIF) in 2022. The article also includes commentary from Hasbro CEO Chris Cocks on the challenges and future of the video game industry, including cost inflation, talent acquisition, and the potential of AI.
Saudi Arabia now owns just over 10% of Capcom, national investment company scoops up more sharesSaudi Arabia's Public Investment Fund has increased its stake in Capcom, now owning just over 10% of the Japanese game developer. This move signifies significant foreign investment in the video game industry.- The Saudi company that owns SNK disclosed a 5% stake in CapcomThe Electronic Gaming Development Company (EGDC), a subsidiary of Saudi Arabia's Public Investment Fund through its MiSK Foundation, has disclosed ownership of 26,788,500 shares in Capcom. This move indicates a significant investment by the Saudi entity into the Japanese game developer.
Saudi Arabia now owns just over 10% of Capcom, as another national investment company scoops up more shares in the Resident Evil and Street Fighter publisherAn investment fund connected to Saudi Arabia's Public Investment Fund, the Electronic Gaming Development Company, has acquired approximately 5.03% of Capcom's shares. This brings Saudi Arabia's total ownership in the Resident Evil publisher to just over 10%, with the fund also holding full ownership of SNK. The EGDC stated the purchase is purely for investment purposes, aiming to profit from stock valuation increases.
Another Saudi Firm Has Acquired Stake in CapcomSaudi investment firm EGDC has acquired a 5.03% stake in Capcom, marking the second Saudi entity to invest in the company. Capcom also announced plans to reveal more games before the end of fiscal year 2027, focusing on both new and established series.
Scopely hits $15 billion in lifetime revenueScopely has announced it has surpassed $15 billion in lifetime revenue after 15 years in the mobile gaming industry. The company's portfolio includes major titles like Pokémon Go and Monopoly Go, contributing to over 150 billion hours of playtime. Scopely has grown to over 3,000 employees globally and has made significant acquisitions, including Niantic and Loom Games, with the Public Investment Fund of Saudi Arabia now holding a majority stake.
Battlefield developers laid off by EA months after Battlefield 6 'shatters records'Electronic Arts has conducted layoffs within its Battlefield division, impacting studios like Criterion, DICE, Ripple Effect, and Motive. This occurs months after Battlefield 6 achieved record-breaking launch sales. The company stated these changes are to better align teams with community priorities and continue investment in the franchise.
EA Lays Off Staff Across All Battlefield Studios Following Record-Breaking Battlefield 6 Launch - IGNElectronic Arts has laid off an unknown number of employees across its Battlefield studios, including Criterion, Dice, Ripple Effect, and Motive Studios, as part of a "realignment." This follows the record-breaking launch of Battlefield 6 in 2025, which has since faced criticism for its live service support, monetization, and declining player counts. The company states these layoffs are unrelated to its pending acquisition by an investor group.
The Sims 4 Will Open an Official Marketplace to Let Content Creators Sell Mods for a Share of 'Moola' - IGNMaxis is launching an official "Maker" program and Marketplace for The Sims 4 on March 17, 2026, allowing approved content creators to sell custom "Maker Packs" using a virtual currency called "Moola." Creators will receive approximately 30% of the purchase price, and these packs must be exclusive to the Marketplace. The program will initially launch on PC and Mac, with console versions for PlayStation and Xbox to follow later.
Evo is getting five more regional events and a new world championship: here's what's good, what's bad, and what mattersEvo, the largest fighting game tournament series, announced an expansion with five new regional events in China, Brazil, Morocco, Saudi Arabia, and Mexico, alongside a new World Championship requiring mastery of multiple games. The Qiddiya Investment Company, owned by Saudi Arabia's Public Investment Fund, is behind this expansion, aiming to support local communities while facing scrutiny over sportswashing and potential dilution of the Evo brand's prestige.
Evo insists its "traditions, values, and identity will remain unchanged" as Saudi acquisition completesQiddiya Investment Company, a subsidiary of Saudi Arabia's Public Investment Fund, has completed its acquisition of the Evolution Championship Series (Evo). Despite community concerns about the new ownership, Evo insists its traditions, values, and identity will remain unchanged, with key leadership staying in place. The organization plans to host major international events in Tokyo, Las Vegas, and Nice this year.
ByteDance reportedly in "advanced talks" to sell Mobile Legends dev Moonton Technology to Savvy Games for over $6bnByteDance is reportedly in advanced negotiations to sell its mobile game developer Moonton Technology, known for Mobile Legends, to Savvy Games Group for over $6 billion. The deal, which could close this quarter, would signify ByteDance's significant withdrawal from the online gaming sector. Savvy Games Group, backed by Saudi Arabia's Public Investment Fund, has existing investments in several major gaming companies.
The Sims developer vows "our values are unchanged," as it teases multiple projects from post-Saudi-owned EAThe Sims developer Maxis has issued a statement assuring players that its core values of inclusivity and creativity remain unchanged following Electronic Arts' acquisition by a Saudi-led consortium. The studio is working on multiple new Sims experiences for PC, console, and mobile, including continued content for The Sims 4 and the new Project Rene.
Electronic Arts Sold in $55 Billion Deal to PIF, Silver Lake, and Affinity Partners - New Game NetworkElectronic Arts (EA) has confirmed a $55 billion all-cash acquisition by a consortium including Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The deal, expected to close in early fiscal year 2027, will take EA private, with shareholders receiving $210 per share. Andrew Wilson will continue as Chairman and CEO, with the investors planning significant expansion and innovation for the publisher.