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Saudi Arabia bought a 5% stake in Capcom

The Saudi Arabian Sovereign Fund has acquired a 5% stake in gaming company Capcom for over $300 million.
Saudi Arabia bought a 5% stake in Capcom

Saudi Arabia's Sovereign Fund acquired a 5% stake in game studio Capcom, spending $332 million. Along with this, the shares of the South Korean publishing company Nexon, which specializes in the support and development of online games, were acquired.

The fund's total spending was approximately $1 billion. In response to questions from Bloomberg reporters, representatives of the organization replied that this investment is an ordinary investment. Apparently, the new owners of the shares do not plan to somehow influence the development of the international gaming industry.

It is worth noting that earlier the same fund acquired shares in such organizations as Activision Blizzard, Take-Two Interactive, Electronic Arts.

Author
Edward Dmitriev
Date of publication
4 February 2022