NeoGAFs Kent Brockman
The stake is worth more than 5%
Bloomberg reports that the nation’s Public Investment Fund has been used to invest stakes of more than 5% in both Capcom and Nexon.
Although it’s not clear how much of the fund has been allocated to each investment, the report claims that the investments in Capcom and Nexon combined come to more than $1 billion.
This is the latest in a series of investments in video game and esports companies that Saudi Arabia has been making in recent years.
In December 2020 the fund acquired over $3 billion worth of stock in Activision Blizzard, Electronic Arts and Take-Two.