Saudi Arabia has increased its investment in Electronic Arts coming to own almost 10% of the shares of the US publisher. The news was reported by the financial information site Seeking Alpha.
The Arab country’s Public Investment Fund has in fact gone from owning 16.01 million shares of Electronic Arts to 24.81 million, with a 55% increase in investment occurred in the last three months.
The investment diversification operation within the video game industry therefore continues, with Saudi Arabia being the Nintendo’s largest overseas shareholdercon the acquisition of mobile publisher Scopelyand the recent investment of $1 billion in Embracer Group. A situation that is becoming decidedly dangerous, above all considering the highly restrictive policies that the Middle Eastern country implements in terms of human rights, and which are also reflected in video games. Did you know that Saudi Arabia has banned Final Fantasy XVI for the presence of a homosexual character?