The Saudi Arabian Public Investment Fund (or PIF) has carried out a financial transaction this week. It concerns the shares held by the Kingdom of Saudi Arabia in the publisher Take-Two Interactive.
As a result, 11 million shares worth $3 billion were transferred to Savvy Games Group. On paper, this does not change much, as the latter is wholly owned by the PIF. The shares therefore remain in the hands of Saudi Arabia.
The aim of this decision is to consolidate Savvy Games Group’s position in the global video game industry.
