Saudi Arabia's $400 Billion Wealth Fund Invests In EA, Activision Blizzard, And Take-Two

Saudi Arabia's Public Investment Fund has disclosed its latest investments, and they include a number of big-name gaming companies.

The PIF spent $1.06 billion to acquire 7.4 million shares in Electronic Arts, along with 14 million shares of Activision Blizzard, at a price of $1.4 billion. The fund also increased its stake in Rockstar Games parent company Take-Two Interactive to round out its gaming investments.

As analyst Matthew Kanterman reported on Twitter, with these new investments, the PIF now holds about 2% of Activision Blizzard shares, 2.6% of EA, and 3.5% of Take-Two.

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