Saudi Crown Prince Mohammed bin Salman has made an incredibly unexpected investment of $ 4 billion in Take-Two Interactive, EA and Activision.
Some of the most important publishers in the world, such as SHE Y Activision, unexpectedly received substantial investments. Saudi Arabia has invested $ 4 billion in three major gaming giants through its crown prince, Mohammed bin Salman, giving the country a substantial stake in the gaming industry.
All of this comes as the three game companies Take-Two, EA, and Activision are thriving to an extremely high level. Activision’s stock price reached its highest point since 1984, just a few years after it was founded. The company also had an incredible 2020 despite the pandemic. Activision not only saw the launch of one of the best sellers Obligations titles with Black Ops Cold War but Modern war was incredibly well supported with new content, the addition of the hit War zone, and more. To top it off, the franchise’s mobile counterpart, Call of Duty MobileIt also generated huge sums of cash for the publisher, allowing for a tremendous period of income while everyone was stuck at home.
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Saudi Crown Prince Mohammed bin Salman invested $ 4 billion in Activision, EA and Take-Two Interactive (Rockstar Games’ parent company), according to Al jazeera (via Kotaku). Investments result in millions of shares and small fractions of ownership across the industry. The investment also appears to be part of MBS’s MiSK Foundation, a nonprofit aimed at helping build businesses and communities to help empower creativity in young creatives. The crown prince has also made similar sizable investments in several other entertainment industries, such as traditional sports and esports.
The controversial crown prince also made a considerable investment in the Japanese gaming company SNK, hoping to gain majority control at a later date. It is unclear if efforts are being made to do something similar with these other companies. The foundation led by the crown prince has been criticized for its attempts to aid Saudi Arabia’s efforts to present itself as a progressive country without taking the necessary steps to earn that title. Mohammed bin Salman has criticized his leadership in relation to alleged human rights violations in Saudi Arabia, including his role in the murder of journalist Jamal Khashoggi.
Regardless of what the crown prince’s plans are, he is likely to make a lot of money. SHE, Activision, and Take-Two have well-monetized franchises with Battlefield, NBA 2K, GTA, Y Obligations. Rockstar is expected to begin detailing a new Grand Theft Auto a bit in the near future, probably with a release in the next few years. If history is something to buy, it will rake in billions of dollars for Rockstar alone. Bulk in new entries in Obligations, Battlefield, Star Wars, and more, and the Saudi crown prince’s investment is sure to bring in a lot of money.
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