Saudi Arabia increases again at the expense of the state company savvy Games Group your share in Electronic Art. This is reported by the analytical site Seeking Alpha. The last time this happened was in February of this year, when it rose from 5.1% to 5.8%. This time the investments are more significant, they already belong to the Saudis 25 million shares adviser and keeps share 9.4%.
Now this number exceeds not only the share of Savvy Games v. Take-Two interactiveaccounting for 6.8%, but also the most significant investment in Japan to date Nintendo. There, the percentage of shares owned by Saudi Arabia reaches 7.08.
Japanese company owns 96% of state shares SNK. Next, Saudi Arabia is going to buy a “major publisher.” He also has a stake in Capcom or hugger. The investment is intended to extend the country’s dependence beyond its key fossil fuel exports. Due to human rights conditions in the Arabian Peninsula or the identity of the prince Muhammad bin Salmanwho leads a fund run by Savvy Games, but the purchases are highly controversial.
Source :Indian TV
