Home » Saudi-funded Savvy Games was companion concerned with failed Embracer Group deal

Saudi-funded Savvy Games was companion concerned with failed Embracer Group deal

by Ethan Marley
0 comment

Lara croft in shadow of the tomb raider

Embracer Group is understood for being the homeowners of assorted franchises, together with Tomb Raider, Lord of the Rings and Saints Row. Earlier this 12 months, Embracer Group confirmed {that a} “transformative” partnership with one other firm fell aside. However, they’d by no means named the corporate that they have been trying to companion up with.

Well, now we all know. Axios has came upon that the unknown companion concerned with the collapsed $2,000,000,000 deal was truly Savvy Games Group, an organization funded by the federal government of Saudi Arabia. It’s not the primary time that the Saudi authorities has tried to spend money on the video gaming trade. In truth, as of this 12 months, the Saudi Arabia Public Investment Fund at the moment has a 8.26% stake in Nintendo.

Source

You may also like

Leave a Comment