NEWS

By Ray Ampoloquio September 30, 2022

Saudi Arabia is willing to spend billions to acquire a "leading game publisher"

It looks like the kingdom wants to continue digging deep into its coffers and investing in video games.

According to multiple sources, Crown Prince Mohammed bin Salman wants to put $38 billion in the video game industry.

The sources claim that $13 billion is reserved specifically for the purchase of a "leading game publisher."

The Crown Prince will leave the investments in the hands of Savvy Games Group, a fully-owned subsidiary of Saudi Arabia's Public Investment Fund.

It's unclear which companies the PIF is eyeballing right now, but it's likely going to be one of the biggest video game acquisitions of all time. 

The PIF currently holds stakes in several gaming companies such as Nintendo and Capcom, among others.

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