Saudi Arabia Invests Over $1 Billion in Capcom and Nexon - News
by William D'Angelo , posted on 04 February 2022 / 4,791 Views
Saudi Arabia's sovereign wealth fund has invested over $1 billion in Japanese video game publisher and developer Capcom and South Korean video game publisher Nexon, according to a Bloomberg report.
The report didn't say how much of the over $1 billion fund was allocated to each company, however, it adds up to a stake of more than five percent into both Capcom and Nexon.
Saudi Arabia's Public Investment Fund in December 2020 acquired over $3 billion of stock in Activision Blizzard, Electronic Arts, and Take-Two Interactive.
The fund is part of crown prince Mohammed bin Salman's plan to make Saudi Arabia less reliable on oil.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Just shoot the industry in the head already and end this suffering
Not only do we have Tencent acting as an organ for Xinnie the Jinpooh, we now have Prince Bone Saw buying his way in.
I literally find it disgusting when states as a matter of seeking their own interests invest in private companies from others countries. What China, Saudi Arabia and other countries do is disgusting. Thank God Japan is not a prostitute like the USA have become and I bet you Saudi Arabia will have little say in whatever Capcom's plans are.
I need someone to explain to me what this means to me. Not trying to be a smartass. I genuinely don't know.
It's saudi arabia, not iran . They're in bed with the west.
just because they are in bed with the west doesn't change what they are, though...but at least they take woman rights serious (irony off)
Saudi arabia is a terror state? This is the first I hear of the canadian incident.
Did the usa or canada launch an investigation, or will they take action against iran ?
Countries without such concepts like democracy and free market buy up companies either as investment (without caring much about what they actually do as long as it's profitable) or as way to influence the products to portray their the country in a good light. Saudi Arabia does both, so no idea what will happen.
Saudi Arabi has more than hundreds of billions dollar in America Economy, so with you buy anything in Us, maybe you found some in Saudi Arabia.
Stop panicking.
You do know that shares of companies like MS and Tencent are widely held, including by terrorists and their supporters, right? In fact, I'd be shocked if the Saudis, either through their sovereign investment fund, or the private funds of royal family members don't own some of every major publicly traded gaming company, and most other large, public companies.
So, you're not gonna be able to avoid them. Such is life.
So, if you can't buy
Justice is seldom to come by.
That's roughly $332mil dollars invested into Capcom.
So did they just buy stock? The 3 billion they invested in Activision December 2020 around $92ish per share is worth less today about $79 per share.
Awesome, just a few years more and every sport club or company is mostly owned by China, Saudi Arabia, Qatar or whatever and every second major sport event will be in these countries as well
Did I just walk into a virtue signalling convention?
Wow just how rich are these Saudi Arabian these days haha they swimming in money!
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