Saudi Wealth Fund Acquires Minority Stakes in Capcom and Nexon for Over $1 Billion
There is currently a lot of movement in the video game industry and after Sony made headlines with the acquisition of Bungie for 3.6 billion US dollars, Microsoft already dropped the bomb and announced the acquisition of Activision Blizzard for around 70 billion.
Now Saudi Arabian sovereign wealth fund has announced that it has acquired stakes of more than 5% in Japanese companies Capcom and Nexon Bloomberg reported. The combined value of the interests in both companies is estimated at more than $1 billion. The PIF’s (that’s the name of the $500 billion fund) total stake in Capcom is worth about $332 million, while its 5.02% stake in Nexon is valued at around $883 million.
The Saudi fund also owns shares in Electronic Arts Inc. and Take Two Interactive.
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