Saudi Arabia's PIF transfers ~$12B worth of gaming company shares, including of Nintendo, to Savvy Games; PIF already transferred 11M Take-Two shares in 2025
Saudi Arabia's Public Investment Fund is transferring roughly $12 billion worth of gaming company shares, including firms …
Sources: Saudi Arabia's PIF is the largest contributor to the $36B in equity to finance the EA deal; the PIF will roll over its $5B EA stake into the new entity
Bloomberg :
EA agrees to be acquired by Saudi Arabia's PIF, Silver Lake, and Affinity for $210 per share, taking it private at a ~$55B valuation, set to close in Q1 FY 2027
Accelerates EA's Strategic Vision to Advance the Future of Entertainment — Stockholders to Receive $210 Per Share …
Sources: EA is in talks to go private in a deal valuing it at ~$50B; investors include Jared Kushner's PE firm and Saudi Arabia's PIF; EA closes up 14.87%
Investors including Silver Lake eyeing deal that would likely be the largest leveraged buyout ever
Surj, the sporting arm of Saudi Arabia's PIF, plans to invest $1B in DAZN and a new joint venture with the sports streamer; source: Surj will take a <5% stake
SURJ Sports Investment doesn't just invest for the sake of it. Any deal must add value to the Kingdom and align with its sporting ambitions, not just be a strong Matt Slater / @mjshrimper : In the lat...
Saudi digital security firm Elm Company agrees to acquire business services firm Thiqah from Saudi Arabia's PIF, which is also Elm's majority owner, for $906M
Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia's PIF, which would convert to ~12.1% of the company's issued shares
P.R. Venkat / Wall Street Journal :
Q&A with Brian Ward, the CEO of Saudi Arabia's Savvy Games Group, on the $4.9B acquisition of Scopely, esports, human rights issues in Saudi Arabia, and more
Dean Takahashi / VentureBeat :
Saudi Arabia's Savvy Games Group has spent ~$8B of its $38B war chest acquiring and building stakes in gaming companies globally in the past 18 months
Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power
Saudi Arabia's Savvy Games Group plans to acquire US-based mobile game maker Scopely for $4.9B; Scopely was reportedly valued at $5.4B in October 2021
End of 2019 I made the big jump from Europe to the US. … Mike DeLaet : Congrats to all of my friends and former colleagues at Scopely for such a tremendous outcome! It was great to see a lot of you a...