Saudi Arabia's PIF-backed Savvy Gaming Group acquires an 8.1% stake in Sweden's Embracer for ~$1.05B, following similar deals with Modern Times and Nintendo (Anton Wilen/Bloomberg)

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Anton Wilen / Bloomberg:

Saudi Arabia’s PIF-backed Savvy Gaming Group acquires an 8.1% stake in Sweden’s Embracer for ~$1.05B, following similar deals with Modern Times and Nintendo  —  Saudi Arabia’s wealth fund has made its second $1 billion foray into the Swedish gaming industry this year as part of a drive …



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