PIF buys stakes of over 5% in 2 Tokyo-listed video gaming firms: report

04/02/2022 Argaam

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) acquired stakes of over 5% in Nexon and Capcom, two Japanese video gaming companies, Bloomberg reported, citing unnamed sources with knowledge of the matter.

 

Saudi Arabia's sovereign wealth fund earlier invested in US-based Activision Blizzard, which has been recently acquired by Microsoft for $68.7 billion.

 

Last month, the PIF announced launching of Savvy Gaming Group (SGG), Argaam reported.

 

SGG aims to be a leading player in the electronic games development sector on the local and international levels, the Kingdom’s sovereign wealth fund said in a statement.

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