The Year Of Gaming Investment Continues With Saudi Government Buying Stake In Capcom And Nexon

2022 has been a big year already with mergers, acquisitions, and funding in the video game space, and that continues today with news that Saudi Arabia’s wealth fund is investing in Capcom and Nexon. The kingdom’s Public Investment Fund (PIF) has announced it acquired 5% stakes in Capcom and Nexon, with its combined investments in both companies reaching $1 billion, according to Bloomberg.Venir de Tragamonedas Gratis Online

This is just the latest gaming-related move from the PIF, which previously bought almost 40 million shares of Activision Blizzard in 2020. Activision Blizzard’s stock price dropped significantly in the past year in the wake of reports about the company’s workplace culture, making it look like a less-than-excellent investmentVenir de Tragamonedas Gratis Online. But the PIF might be primed for a payday with the proposed Microsoft buyout of Activision Blizzard given Microsoft is paying a 45% premium on the company’s shares.

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