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    According to a recent US Securities and Exchange Commission (SEC) filing, Saudi Arabia's Public Investment Fund (PIF), chaired by controversial crown prince Mohammed bin Salman, has acquired more than $3 billion worth of stock in famous video game publishers Activision Blizzard, EA and Take-Two. The investment is broken down to around $1.3 billion in Activision Blizzard shares, $1 billion in EA shares and $825m in Take-Two shares. According to Eurogamer, this amounts to around 3.5%, 2.6% and 3.5% of those respective companies' share totals.

    This is not the first time the crown prince invested in video game companies as in late 2020, his charity acquired 33.3% of Japanese gaming company SNK stock, making it the largest shareholder.

    However, the crown prince's involvement in the video games industry has not always been welcome. In June 2020, League of Legends developer Riot terminated a partnership for a project funded by Mohammed bin Salman following backlash from the eSports community.

    :arrow: SOURCE
     
  2. Discussion (57 replies)

  3. nightweb

    nightweb GBAtemp Regular
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    Haha Game company's Stock go Brr
     
  4. jesus96

    jesus96 Pinkboi
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    Well SNK games seem to get an improvement so I don't know what to think about it
     
    Y0shII, Scott_pilgrim and PokeNas like this.
  5. Viri

    Viri GBAtemp Psycho!
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    Eh, it could be worse, it could be China. I know Saudi Arabia is pretty awful, but it's much better than China.
     
    fallguy441 likes this.
  6. Xzi

    Xzi GBAtemp's Resident Plok Expert
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    This really isn't a lot of shares, but it's still kinda worrisome that foreign countries have been buying up so much of American developers/publishers in general. We self-propagandize enough as is without other governments also trying to propagandize us, TYVM. :lol:
     
  7. eriol33

    eriol33 GBAtemp Maniac
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    So every time I buy a game from EA, I support the spread of salafism
     
  8. tech3475

    tech3475 GBAtemp Addict
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    Depends, I wouldn’t expect a minority stakeholder alone to have too much influence, subject to any specific deals similar to Netease having a seat on the board of directors at Bungie.

    What we can best hope for is that they’re just investing for financial reasons...notice how all 3 of the companies like microtransactions, loot boxes, annual sequels, etc.

    Subject to any government interference, investing in these companies seems like a relatively safe bet.
     
  9. Jayro

    Jayro MediCat USB and Malwarebytes Bootable Developer
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    So what does this mean for the average consumer, anything? Nothing?
     
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  10. raxadian

    raxadian GBAtemp Addict
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    Cue mining jokes.
     
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  11. Purple_Shyguy

    Purple_Shyguy GBAtemp Maniac
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    It's about time we got "Harlot Stoning 2K21"
     
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  12. eyeliner

    eyeliner Has an itch needing to be scratched.
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    Pretty much, as the amount of stock in each company barely makes him have an active voice.
    Its only news because of the immense money involved and because of the person behind it.
     
    Scott_pilgrim likes this.
  13. Purple_Shyguy

    Purple_Shyguy GBAtemp Maniac
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    These companies will continue to virtue signal LGBTQP+++ support in western white countries while taking money from backwards Islamic nations that stone and behead people.
     
  14. calwy1

    calwy1 Member
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    It means nothing unless Crown Prince Mohammed bin Salman decides he wants to start using the shares he owns to attempt to influence content, etc. at these companies.

    Other than that, it's just normal, run of the mill, capitalist investment.
     
    Scott_pilgrim likes this.
  15. Axido

    Axido GBAtemp Maniac
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    Buying EA games that were released after 2011 is already a minor felony to begin with.
    Dragon Age: Inquisition is the only acceptable exception.
     
    Scott_pilgrim likes this.
  16. Bladexdsl

    Bladexdsl ZOMG my posts...it's over 9000!!!
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    activision and EA about to get A LOT worse being run by oil barons :lol:
     
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  17. spotanjo3

    spotanjo3 GBAtemp Legend
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    Wow.. they are greedy for OIL power and now this. Poor Saudi Arabian people lived in poor area.. Highest area. Money lover, indeed. So sad. World is gone beresek. Most human are scums.

    No, I am not supporting this one. Did you read the source ? They still have a poor Human rights too. Disgusting. NO!
     
    Last edited by spotanjo3, Feb 19, 2021
    Scott_pilgrim likes this.
  18. Pipistrele

    Pipistrele GBAtemp Advanced Fan
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    Titanfall and NFS Most Wanted remake were quite good, just to name a few
     
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  19. raxadian

    raxadian GBAtemp Addict
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    Is a minimum stake so it doesn't really affect the company decisions.
     
  20. Bladexdsl

    Bladexdsl ZOMG my posts...it's over 9000!!!
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    Probably so they can control what games are released and made :rofl:
     
  21. Hanafuda

    Hanafuda GBAtemp Psycho!
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    Am I the only one a little blown away that a BILLION dollars buys only 2-3% percent of any one of these three companies? Jesus.
     
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