Saudi Arabia investment fund puts $1 billion into Capcom and Nexon

Saudi Arabia has been using its Public Investment Fund (PIF) to acquire stakes in a number of gaming companies lately, including the likes of EA, Take-Two and Activision Blizzard. This week, it was revealed that the fund has now also been used to obtain small percentage stakes in Capcom and Nexon. 

Around $1 billion USD has been invested across both Capcom, known for Monster Hunter, Resident Evil and other major IP, and Nexon, a studio known for MMOs like ArcheAge and Maple Story, as well as other online games like Counter-Strike Online, an Asia-only version of Valve's Counter-Strike.

News of the investment was made public by Bloomberg. While some of Saudi Arabia's other investments in gaming have lost money, such as the country's stake in Activision Blizzard. However, thanks to the recent deal between Microsoft and Activision Blizzard, those shares have now increased in value.

Recently, Saudi Arabia's public investment fund was also used to back a company called the Savvy Gaming Group, which went on to acquire two esports companies, ESL and FACEIT, in a $1.5 billion deal.

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KitGuru Says: Capcom and Nexon have now joined the likes of EA, Take-Two and Activision Blizzard as Saudi Arabia's investment interest in the gaming market continues to grow. 

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