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 biggest publishers in the world, such as SHE and Activision, unexpectedly obtained substantial investments. Saudi Arabia has invested $ 4 billion in three big gaming giants through its Crown Prince Mohammed bin Salman, giving the country a substantial stake in the gaming industry.
All of this comes as all three game companies, Take-Two, EA and Activision, are thriving at an extremely high level. Activision’s share price hit its highest level since 1984, just a few years after its inception. The company also had an incredible 2020 despite the pandemic. Not only has Activision seen the release of one of the bestsellers Call of Duty titles with Cold War Black Ops But Modern war has been incredibly well supported with new content, adding the success Warzone, and more. To top it off, the franchise’s mobile counterpart, Call of Duty Mobile, also brought in huge sums of money for the publisher which allowed for a huge earning period while everyone was stuck at home.
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Saudi Crown Prince Mohammed bin Salman has invested $ 4 billion in Activision, EA and Take-Two Interactive (parent company of Rockstar Games), according to Al Jazeera (via Kotaku). Investments translate into millions of shares and small fractions of ownership across the industry. The investment also appears to be part of MBS’s MiSK Foundation, a non-profit organization meant to help build businesses and communities to help boost the creativity of young creatives. The Crown Prince has also made similar large investments in various other entertainment industries such as traditional sports and e-sports.
The controversial crown prince has also made a sizable investment in Japanese games company SNK, hoping to gain majority control at a later date. It is not known if efforts are being made to do something similar with these other companies. The foundation headed by the crown prince has been criticized for its attempts to help Saudi Arabia’s efforts to paint itself as a progressive country without taking the necessary steps to secure that title. Mohammed bin Salman criticized his leadership in connection with alleged human rights violations by Saudi Arabia, including his involvement in the murder of journalist Jamal Khashoggi.
Regardless of the Crown Prince’s plans, he is bound to make a lot of money. SHE, Activisionand Take-Two all have well-monetized franchises with Battlefield, NBA 2K, GTA, and Call of Duty. Rockstar should start detailing a new Grand Theft Auto game a bit in the near future, likely with a release in the next couple of years. If history is anything to buy, it will make billions of dollars just for Rockstar alone. Group new entries in Call of Duty, Battlefield, Star wars, and more, and the Saudi Crown Prince’s investment will certainly bring in a lot of money.
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Source: Al Jazeera (via Kotaku)
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