Saudi Arabia says it will spend $13bn to acquire ‘a leading game publisher’

Thread: Saudi Arabia says it will spend $13bn to acquire ‘a leading game publisher’
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Saudi Arabia will invest a further $37.8 billion in the games industry acquisitions, including around $13 billion to acquire "a leading game publisher", according to state news.

The investments will be made via the country's Savvy Games Group, which is owned by sovereign wealth fund PIF, as it aims to become a major player in the games industry.

The investments will include 70 billion riyals ($18.6bn) to take minority stakes in several "key companies" that support Savvy's game development agenda, and 50 billion riyals ($13.3bn) to acquire "a leading game publisher to become a strategic development partner". If accurate, the $13 billion acquisition figure would likely fall short of the asking price the very largest third-party publishers would command, such as EA and Take-Two, but it could potentially secure a deal for most others.
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If accurate, the $13 billion acquisition figure would likely fall short of the asking price the very largest third-party publishers would command, such as EA and Take-Two, but it could potentially secure a deal for most others.

In addition, Saudi Arabia state news said 2 billion riyals ($481m) would be reserved for investments in "industry disruptors to grow early-stage games" and esports companies. Finally, 20 billion riyals ($4.8bn) will be invested into "mature industry partners" who add value and expertise to Savvy's existing portfolio.

Saudi Crown Prince Mohammed bin Salman said in a statement: "Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030.

"We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the Kingdom".
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PIF, which is a sovereign wealth fund chaired by crown prince Mohammed bin Salman, has invested in numerous game developers in recent years.

That includes this year's purchase of a 5.01% stake in Nintendo (which Nintendo subsequently claimed it first learned about from news reports), 5% stakes in Capcom and Nexon, and billions invested in stock for Activision Blizzard, Electronic Arts, Embracer and Take-Two.
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www.videogameschronicle.com

Saudi Arabia says it will spend $13bn to acquire ‘a leading game publisher’ | VGC

The country’s Savvy Games Group claims it will invest a further $37.8 billion in the games industry…
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I think it's in Saudi Arabia's best interest to further push leftist ideologies into games so western civilization will continue to be divided and at a cultural war with each other. Look at China and Nike for example. I wouldn't bet on this leading to games returning to being games again and not political propaganda.
 
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Whatever publisher is bought by the terrorist/murderer, is instantly dead. Can't imagine who'd want to buy their games anymore. That's why I hope it's Ubisoft, Asssassin's Creed is bad anyways.
 
Bunta said:
Imagine telling your ca. 2000 self that the future of gaming will be shaped by Microsoft, China an Saudi Arabia
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Cravis said:
My money is on Ubisoft
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What's the other $10billion for then? Cuz Ubi's value has shit the bed (hard!) the last two years and barely worth $3.5b.

Here are the available companies.
companiesmarketcap.com

Largest video game companies by market cap

List of the largest video game companies by market capitalization, all rankings are updated daily.
companiesmarketcap.com companiesmarketcap.com
(ignore the Nintendo value, someone clearly put a decimal in the wrong place.)

But given currency trading Bandai Namco looks the closest in value to projected spend. Nexon would be a bit of a stretch. BUt depending on how the offer is structured, its possible too.
 
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Neil Young said:
If there is a possibility that this would lead to the most anti woke games ever made, with plenty of money for a budget.....LET'S GO!!!
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Isn't Saudi Arabia one of the countries where women get arrested for wearing bikinis? This might not be the win you're looking for
 
Soodanim said:
Isn't Saudi Arabia one of the countries where women get arrested for wearing bikinis? This might not be the win you're looking for
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Probably. It's a big IF. But I have a dream.

I have a dream that one day on the burning wild fire hills of California, the zirs of former woke libtards and sons of normal Gen x'ers will be able to sit down at the table of personhood and play good videogames.

I have a dream that one day even Saudi Arabia, a country sweltering with the heat of injustice, sweltering with the heat of oppression will be biologically transformed into a freak of human nature, I mean, transformed into an oasis of non woke games and the return of big tits and asses and booth babes as far as the eye can see.

I have a dream this day!!!
 
They should buy Ubisoft and make all women in the games wear fucking burqas. It would be funny af.
 
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