The expansion of theSaudi Arabia in the world of video games, with another rather aggressive maneuver in terms of acquisition which took place in recent days: the country's public investment fund has in fact purchased other shares of Electronic Artsbringing the share held by the Public Investment Fund (PIF) to 9.2%.
As reported by journalist Stephen Totilo, Saudi Arabia's PIF now owns 24.8 million in Electronic Arts shares, thus increasing its influence on the American company up to 9.2% of the shares held by the fund, with a notable increase compared to before.
A year ago, the fund had started climbing to EA but had stopped at 5.8%, however it seems that the intentions are to continue on this path, already mentioned as an important strategic element for the future of the country's economy.
Saudi Arabia's rise in video games continues
Already over the course of last year, Saudi Arabia had purchased new shares in Nintendo, EA and Take-Two, with considerable influence in particular on the first two, but also on Embracer Group.
Let us also remember that the PIF is de facto controlled by the prince Mohammed bin Salmanwhich is carrying out similar operations more and more often in the field of video games, also posing several questions on the ethical front for the companies involved, considering the many critical elements that concern the management of human rights in that country.
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