This famous offshoot, the Savvy Gaming Group, made this new statement during the last days of January, according to filings seen by Bloomberg. He now owns just over 5% of the capital of Capcom – which we will not insult you with – and of Nexon, a South Korean company specializing in online gaming which recently announced titles like DNF Duel and ARC Raiders. Movements that would again represent more than a billion dollars, the wealth of the Fund being estimated at around 500 billion dollars.
These new investments in video game publishing are part of a context of wonderful financial results for the industry, which Capcom’s results illustrate wonderfully, but also in a dynamic of concentration which pushes the valuation of the players upwards. . The Fund may want to take advantage of this fact. He was also able to compensate for his losses at Activision Blizzard at the time of the takeover by Microsoft.
It will be recalled that the Fund’s activity is aimed at finding new opportunities for investment by Saudi Arabia, which could constitute an alternative to oil in the future, at the same time as it tries to improve the image of the monarchy internationally. The latter has indeed been splashed for several years by its leading involvement in the conflict in Yemen but also by its links with the murder of journalist Jamal Khashoggi in October 2018.
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