Saudi Arabia Against China-US Becomes the King of the Game, Disburses IDR 565 T

Saudi Arabia Against China-US Becomes the King of the Game, Disburses IDR 565 T

Jakarta, Reportase – The government of Saudi Arabia is determined to become the king of the world game, defeating the domination of China, the US and Japan. This effort is to strengthen the country’s economy apart from the oil business.

Unmitigated, Arab is committed to disbursing US$ 38 billion or the equivalent of Rp. 565 trillion. The fund will be managed by the Public Investment Fund (PIF), which is none other than an investment company in the Kingdom of Saudi Arabia.

Savvy Games Group, which is a subsidiary of PIF, is plotted to become a game developer and publisher company. Going forward, the company will acquire many seasoned game studios.

Previously, the Savvy Games Group focused more on e-sports. However, the company boasts that it will venture deeper into video-games this year.

This US$ 38 billion commitment is the second largest acquisition in the history of the video-game industry. In first place is Microsoft, which bought Activision Blizzard for US$ 68 billion.

The funds are to realize Saudi Arabia’s intention to become a hub for the main video-game industry in the global realm, quoted from YahooFinance, Tuesday (11/4/2023).

This week, Savvy Games Group secured a $4.9 billion acquisition of mobile-game studio Scopely. Scopely was founded in 2011 and is known for its popular games ‘Yahtzee with Buddies’, ‘Scrabble Go’, ‘Marvel Strike Force’, and many more.

“Scopely is one of the game companies with the most significant growth. We have long admired Scopely’s ability to build a loyal community of game players,” said Savvy Games Group CEO, Brian Ward, in an official statement.

“At Savvy Games Group, our mission is to invest in the global gaming community by bringing the best talent to join us,” he added.

[Gambas:Video CNBC]



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