Saudi wealth fund makes bet on video-game makers

The Riyadh-based Public Investment Fund (PIF) acquired more than US$3bil worth of stock in three United States video-game makers during the fourth quarter, according to a regulatory filing. They include Activision Blizzard Inc, (pic) Electronic Arts Inc and Take-Two Interactive Software Inc

NEW YORK: Saudi Arabia’s sovereign wealth fund is pursuing investments in an industry long favoured by Crown Prince Mohammed bin Salman: video games.

The Riyadh-based Public Investment Fund (PIF) acquired more than US$3bil worth of stock in three United States video-game makers during the fourth quarter, according to a regulatory filing. They include Activision Blizzard Inc, (pic) Electronic Arts Inc and Take-Two Interactive Software Inc.