Saudi Arabia's $ 300 billion-rich Public Investment Fund (PIF) is well known for buying large volumes of shares of large, listed companies.
Boeing, Facebook, Disney, Starbucks, Marriott or Bank of America have been among its targets in recent months.
But the Saudi sovereign fund has also bet on a more unexpected sector: the main American players in video games.
According to stock documents spotted by Bloomberg, the PIF bought at the end of 2020 for more than $ 3 billion in shares in the two largest global publishers, Activision-Blizzard and EA, as well as in Take-Two, which holds the sulfurous license. of
GTA
gangster games
.
Read also:
2020, the year of all records for video games
For Bloomberg, these investments reflect the interest in gaming of the manager of the sovereign fund, Crown Prince Mohammed Ben Salman.
In a 2018 portrait published in the
New Yorker
, he cited the military game
Call of Duty
(published by Activision,
our photo
) as his favorite entertainment.
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