Bloomberg: Saudi Fund Invests $3.3 Billion in Video Game Industry

U.S. Securities and Exchange Commission revealed on Tuesday that the Saudi Sovereign Wealth Fund bought during the last quarter of 2020 shares in U.S. video game companies worth $ 3.3 billion, according to Bloomberg.

Saudi Investments include shares in three U.S. video game companies, namely Activision Blizzard, Electronic Arts, and Take-Two Interactive.

According to the disclosure, the Riyadh-based Fund acquired 3.9 million shares in Take-Two, as well as 14.9 million shares in Activision Blizzard and 7.4 million Electronic Arts' shares.

The value of the three shares combined was about $3.3 billion at the end of December, according to the deposit, bringing the total value of the investment fund's holdings to $12.77 billion on December 31, up from $7.05 billion on September 30.