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Saudi Arabia’s government continues to grow its gaming and esports portfolio
The pending $55 billion acquisition of game-publishing giant EA by a consortium of investors, most notably Saudi Arabia’s Public Investment Fund (PIF), sent shockwaves through the industry. It is the second-biggest acquisition in the history of the games industry, and it is only the Saudi Arabian government’s latest move in the video gaming space.
Over the past several years, the PIF and its subsidiary Savvy Games Group have invested in or acquired gaming companies from different parts of the world, holding stakes in some of the leading publishers in the industry. The Saudi Arabian government has long been accused of human rights violations, and its investments in entertainment, tech, and sports have invited scrutiny. Below are the major gaming companies that Saudi Arabia owns or has a stake in.