Write what you are looking for and press enter to begin your search!
Saudi Arabia Buys Minor Stake In Capcom & Nexon
Not one to be left out of the big software companies buying other big game-making companies spiel, the country of Saudi Arabia wants in on the action.
First with SNK (via Mohammed bin Salman) and ESL, and now with Capcom and Nexon. The country has invested US$1 billion and own 5% of Capcom and Nexon. Basically, about US$332 million went to Capcom based on its current market value. According to a report from Bloomberg, the Saudi Arabia Public Investment Fund spearheaded the minority acquisition, with the sole intent to diversify the country’s economic venture beyond gas and oil. Hence, software company acquisitions be it major or minor.
Let’s not forget that this may be a controversial piece news due to Saudi Arabia’s government and royalty having a lot of skeletons in their closet. Still, it looks like the country isn’t letting up with these electronics company purchases; I’m sure there’s more to follow up from here.
We're in an age where diversity in groups is always welcome & needed, no matter the pastime or country. We came across a newly-formed Facebook gro...
Fnatic have secured Top 4 after eliminating Leviatán in a nail-bitingly close 2–1 series. Don't miss a thing with OUR STAGE 2 MASTERS SCHEDULE Af...
Tekken 7 esports tournaments are usually better offline, probably because of the game's not-so-hot netcode. Thankfully the game will revert back to of...
">
[Rumour] WWE Has Been Purchased By Saudi Arabia’s Public Investment Fund
January 12, 2023 at 2:54 am
[…] There have been many instances of that over the past few years, including investing in Nintendo, Capcom and Nexon, as well as Activision Blizzard, EA, Take-Two and even […]