Saudi Wealth Fund Boosts Gaming Bets With Capcom, Nexon Stakes
- Saudi’s PIF takes stakes in Japan firms worth over $1 billion
- Capcom, Nexon shares rise after the fund discloses stakes
The Nexon website.
Source: NexonThis article is for subscribers only.
Saudi Arabia’s sovereign wealth fund deepened its bet on video games, fresh from a face-saving deal that turned around its investment in Activision Blizzard Inc.
The Public Investment Fund disclosed stakes of more than 5% in two Japan-listed gaming firms: Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon Co. Its combined holdings in the two firms are worth more than $1 billion.