Saudi Arabia Owns 5% Of Nintendo

Saudi Arabia's Public Investment Fund, which is the country's bottomless pit of money used to diversify into sectors beyond oil, has a new acquisition in place: a small chunk of the Big N. Saudi Arabia now has 5.01% stake in Nintendo according to a Bloomberg report that detailed a recent Japanese Finance Ministry filing. Other companies with som...

Saudi-Backed Savvy Gaming Buys ESL For A Huge Sum Of Money

The ESL, one of the world's biggest and oldest esports companies, has been bought by Savvy Gaming, an esports investment company backed by the Saudi Arabian Government's Public Investment Fund (via Handellsblatt). For how much, you may ask? A humongous US$1 billion if you didn't catch the headline. Money has never been an issue for the Public In...