Saudi Arabia’s controversial Public Investment Fund (PIF) now has stakes in both Capcom and Nexon, making these two companies the latest in a long line of video game investments from the initiative chaired by Prince Mohammed bin Salman.
The PIF purchased stakes of more than five percent in both Capcom and Nexon. This equates to a holding of more than $1bn across the two companies (via Bloomberg (paywall)). According to PIF, this move is based purely on an investment opportunity.
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