Saudi Arabia Acquires 8.1% Of Embracer Group In A $1 Billion Deal 15351d
A Saudi Arabian prince has acquired minority stake in Swedish video game holding company Embracer Group through Savvy Gaming Group. Savvy, a subsidiary that’s fully-owned and operated by the Saudi Arabia Public Investment Fund (PIF) headed by crown prince Mohammed bin Salman, purchased $1 billion worth of Embracer’s shares which equates roughly an 8.1% stake in the company. Saudi-based companies [...]
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