Saudi Arabia's Electronic Gaming Development Company (EGDC), a subsidiary of the Misk Foundation founded by Crown Prince Mohammed bin Salman, has acquired a 5% stake in Capcom through 26.78 million shares, described as a pure investment for capital gains and dividends. This follows the Public Investment Fund's earlier 5% stake in Capcom acquired in 2022. Saudi Arabia's gaming investment activity continues to expand, with PIF also involved in a $55 billion EA acquisition deal and having moved $12 billion in game company shares to its Savvy Games Group subsidiary, which will hold stakes in Nintendo, Square Enix, Bandai Namco, Take-Two Interactive, and others.
Sort: