Embracer Group's recently failed $2bn deal was reportedly with Saudi PIF-backed Savvy Gaming
Where Embracer was previously on an acquisition spree, the alleged failed deal with Savvy Gaming sent its share value plummeting and led to layoffs.
All Stories Tagged: Saudi Arabia
Saudi Arabia increases stake in Electronic Arts to 10%
The Saudi Arabian Public Investment Fund (PIF) has been building a sizable stake in EA over the course of several years.
Saudi-owned Savvy Games Group acquires mobile publisher Scopely for $4.9 billion
The studio behind Marvel Strike Force is being folded into Savvy Games Group.
Saudi Arabia PIF increases stake in Nintendo to 7 percent
The Saudi Arabian government has increased its investment in Nintendo once again after a previous increase confirmed in January 2023.
Saudi Arabia increases stake in Nintendo (NTDOY) to 6 percent
By way of the Public Investment Fund, Saudi Arabia has heightened its stake in Nintendo, becoming one of the company's largest shareholders.
Saudi Arabia puts $13 billion aside to acquire a 'leading game publisher'
The state-backed Savvy Gaming Group is set to invest $37 billion USD into gaming altogether, which will include acquisition of a major publisher.
