Saudi Arabia’s commitment to video games is serious. The Asian country has diversified its million-dollar investments in different markets in recent years, but it is in games that they see the greatest chance of success. And the reason is very simple: it is the most fruitful industry in the world of entertainment. For this reason, Saudi Arabia already has a stratospheric fund ready for further acquisitions.

Before we continue, we must remember that Saudi Arabia, through Crown Prince Mohammed bin Salman, bought discount 96% SNKResponsible for Rey de Peleas D metal slug; to mention just a couple of franchises from his extensive catalog. In May of this year, they paid $3 billion for a stake in 5.01% on Nintendo, is considered one of the three giants of the video game industry. They also have 5% off Capcom and Nexon. But Saudi Arabia’s ambitions go further.

This week they announced that their State Investment Fund has approved a total of $37,800 billion to continue investment in video games (by using VGK). The figure is huge, but the most amazing comes later. The country indicates that out of the available capital, $13,300 million earmarked for the purchase of a leading publisher in the industry. The rest will be dedicated to buying minimal stakes in key companies or studios, as was the case with Nintendo a few months ago.

In a statement, Saudi Arabia says the Savvy Games Group, as they called the company that manages their investments and assets in video games, aims to be an industry representative by 2030.

“Savvy Games Group is part of our ambitious strategy. It aims to make Saudi Arabia a global hub for the gaming and esports industry by 2030. We are harnessing the untapped potential of the esports and gaming industry” to diversify our economy, drive innovation in this sector and scale up competitive entertainment offerings across the UK.”

Saudi Arabia options

Of course, Saudi Arabia’s announcement only sparked a lengthy debate about who publisher video games could be purchased for $13,300 million. There are several well-known companies that will be within reach of your pockets: Ubisoft, CD Projekt RED, Capcom, Square Enix and Konami, for example. However, in the case of Japanese companies, things will be more complicated due to the problem of protection from the government of the Asian island.

Perhaps the option with the most features is Ubisoft.. Why? The French publisher made no secret of his interest in being bought. “We have always made decisions in favor of those who bet on us, that is, our employees, players and shareholders. Ubisoft can remain independent: we have the talent, financial size and a large portfolio of original intellectual property. , if there was an offer to buy us, of course, the board of directors would consider it in the interests of all parties involved,” said its CEO, Yves Guillemot. However, there would be a few interested in adding Ubisoft assets.

With the decisive Saudi invasion and the already known acquisition strategies of Microsoft and Sony, very busy years are approaching in the video game industry.

Source: Hiper Textual

Previous articleThe Callisto Protocol: Trailer Reveals the Cast Presence of Karen Fukuhara of The Boys
Next articleNetflix October premieres for Mexico and all of Latin America: ‘Emma’ arrives with Anya Taylor-Joy

LEAVE A REPLY

Please enter your comment!
Please enter your name here