Saudi Arabia's Public Investment Fund to transfer its gaming stock to Savvy Games Group
Saudi Arabia's Public Investment Fund is set to transfer its games-related stock to its subsidiary Savvy Games Group.The move could happen as early as 2025, according to a Savvy representative talking to Nikkei, with the initiative part of a wider plan to leverage IP across the Middle East, the Japanese publication reported.Going forward, the country's PIF is set to expand its involvement in games beyond investments to "active collaboration," even though it's unclear exactly what that means at this stage. Read more
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