Strategy
UPS
CEO
Saudi Arabia buys a $1B chunk of Embracer Group
The kingdom of Saudi Arabia has made another major investment in the videogame industry, investing more than $1 billion to acquire an 8.1% stake in Swedish gaming behemoth Embracer Group. The shares will be issued to Savvy Gaming Group, according to MarketWatch(opens in new tab), a games and esports-focused subsidiary of the country's Public Investment Fund.