Saudi Arabia Invested Billions of Dollars in Videogame Stocks
Saudi Arabia’s sovereign-wealth fund, Public Investment Fund, bought large stakes in Activision, Electronic Arts, and Take-Two in the fourth quarter.
www.barrons.com
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www.barrons.com
Yet another reason this generation will suck.
God damn it. Tencent was bad enough, now MBS??? Fuck.
God damn it. Tencent was bad enough, now MBS??? Fuck.
I know, right? They basically want to race Tencent to having their fingers in everything. Hopefully their deal with SNK doesn't go through (it won't be finalized until March).
I think this is par for the course. It has always invested in large tech and finance companies so this seems like a natural extension of that.
You'll be seeing a lot more of this. It also goes hand-in-hand with their expansion of investments in tech.
Petrostates that have the means to are radically diversifying their wealth and holdings.
Petrostates that have the means to are radically diversifying their wealth and holdings.
The eventual reality of the entertainment industry will be that so many morally bankrupt players will be foundational financial backers that to continue to indulge in any way will be an ethical hazard. We're already seeing this with the Uighur involvement with our electronics, conservative conspiracists in acting and design, etc.
They won't have any say, maybe except asking one of them to make a positive game or character based in Middle East?
They just want to make money, not control content.
I'm all for creating a positive middle eastern game/character/whatever. Just so long as they add, not take away.
Tbh, the first thought that I had was "shit, women representation in games will just get even worse."
Sounds pretty normal (if that's the right word) for sovereign wealth funds to be highly diversified...?
www.nbim.no
Activision Blizzard Inc (1.05%)
Electronic Arts Inc (0.95%)
Microsoft Corp (0.99%)
Nintendo Co Ltd (1.18%)
Sony Corp(1.64%)
Team17 Group PLC (2.6%)
Take-Two Interactive Software Inc (0.98%)
Ubisoft Entertainment SA (2.19%)
All investments | Norges Bank Investment Management
Search in all of the fund's investments by country, asset class and sector. The information is available for every year since our first investment in 1998.
Activision Blizzard Inc (1.05%)
Electronic Arts Inc (0.95%)
Microsoft Corp (0.99%)
Nintendo Co Ltd (1.18%)
Sony Corp(1.64%)
Team17 Group PLC (2.6%)
Take-Two Interactive Software Inc (0.98%)
Ubisoft Entertainment SA (2.19%)
Sounds pretty normal (if that's the right word) for sovereign wealth funds to be highly diversified...?
All investments | Norges Bank Investment Management
Search in all of the fund's investments by country, asset class and sector. The information is available for every year since our first investment in 1998.
Activision Blizzard Inc (1.05%)
Electronic Arts Inc (0.95%)
Microsoft Corp (0.99%)
Nintendo Co Ltd (1.18%)
Sony Corp(1.64%)
Team17 Group PLC (2.6%)
Take-Two Interactive Software Inc (0.98%)
Ubisoft Entertainment SA (2.19%)
Damn... I dont like funding pieces of shit like MBS.
Sounds pretty normal (if that's the right word) for sovereign wealth funds to be highly diversified...?
All investments | Norges Bank Investment Management
Search in all of the fund's investments by country, asset class and sector. The information is available for every year since our first investment in 1998.
Activision Blizzard Inc (1.05%)
Electronic Arts Inc (0.95%)
Microsoft Corp (0.99%)
Nintendo Co Ltd (1.18%)
Sony Corp(1.64%)
Team17 Group PLC (2.6%)
Take-Two Interactive Software Inc (0.98%)
Ubisoft Entertainment SA (2.19%)
Hope the boycotters are updating their lists.
Yea this.
These are publicly traded companies. Anyone with money can purchase publicly available shares. 😛
Why? Public companies have always had their stocks up for sale.
Exactly, this is why I don't get the outcry now.
I really hope it falls through.
Not wanting your money to go to a murderer like MBS is worth the "outcry".
All of which is smart on any country in that position and with the reliance on fossil fuels possibly declining greatly in the next 20 years should even be applauded. But..it's Saudi Arabia and if Tencent creates some unrest because of Chinese politics, then Saudi Arabia buying into these companies should make us all very concerned.
Do not be fooled by the government's constant inaction against Saudi Arabia for years of crimes, murders and terrorism; they just happen to be the one of two countries in the region that our country pretends to care about, Iran the other, with enough power, influence, and in Saudi Arabia's case enough money invested in US companies to not be touched.
You still don't get it, anyone with money was able to buy stocks before. We don't know each individuals past. You also implied suck more this generation as though you are upset about anyone selling anything.
The link is not working for me for some reason. Are these all related to Saudi Arabia's sovereign-wealth fund?Sounds pretty normal (if that's the right word) for sovereign wealth funds to be highly diversified...?
All investments | Norges Bank Investment Management
Search in all of the fund's investments by country, asset class and sector. The information is available for every year since our first investment in 1998.
Activision Blizzard Inc (1.05%)
Electronic Arts Inc (0.95%)
Microsoft Corp (0.99%)
Nintendo Co Ltd (1.18%)
Sony Corp(1.64%)
Team17 Group PLC (2.6%)
Take-Two Interactive Software Inc (0.98%)
Ubisoft Entertainment SA (2.19%)
edit: just saw the comment above.
No, I get it. It still sucks when people like MBS are joining in this race.
I don't care if you don't care about this but don't make it out as if people like MBS were getting involved in gaming before.
Nobody is joining the race.
Publicly available companies trade their shares publicly. Anyone (well, okay, almost anyone) can set up a representative or use one of the publicly available mediators in whatever country a public company is traded in, and purchase shares.
You can do it. I can do it. Anyone can. This does not mean that whoever has purchased shares suddenly somehow has a say in anything. It is the equivalent to all the random Reddit users buying Gamestop shares few weeks ago, just on a slightly bigger scale.
You think MBS investing in SNK isn't joining the race?
Crown prince of Saudi Arabia's foundation to buy 51% stake in SNK
The Mohammad bin Salman Charity Foundation is set to take a controlling stake in Japanese games firm SNK.The not-for-pr…
www.gamesindustry.biz
Well to put it bluntly, if money can be made those who can invest will invest. These companies also limit shares so that they don't have control of decisions being made. In other words you cannot buy 51% of Apple even if you are Elon Musk.
I know exactly where you are coming from, once you identify the buyer we can then form out own opinion on the matter. The fact is there could have been shady people all along owning gaming stocks.
I also don't get the anger or frustration about how this gen sucks because of deals being made. What exactly is sucking more now than it did prior as far as your gaming habits?
What sucks is I want to minimize giving money to people like MBS, CCP and others. That's what.
The money isn't going to MBS it's going to the government/citizens.
MBS owns said company. Atleast in SNK's investment case.
Some of the money is going to him at the very least.
You think MBS investing in SNK isn't joining the race?
Crown prince of Saudi Arabia's foundation to buy 51% stake in SNK
The Mohammad bin Salman Charity Foundation is set to take a controlling stake in Japanese games firm SNK.The not-for-pr…
It's diversifying and investing, it's normal. Shady people are probably involved in some capacity in more than just this precious hobby.
Edit: I can go and buy 1 share of Nintendo. I can be a jackass. Would you know? No...
You may have been giving them money all along without even knowing it because stocks were always available to be bought.
What were the other reasons prior to why this generation will suck?
SNK as a whole is worth less than 1% in Activision. I'd hardly call that joining the race.You think MBS investing in SNK isn't joining the race?
Crown prince of Saudi Arabia's foundation to buy 51% stake in SNK
The Mohammad bin Salman Charity Foundation is set to take a controlling stake in Japanese games firm SNK.The not-for-pr…
I really love the implications that the fund is for mbs even though all the profits is going to develop the country and make more opportunities for saudi people but even then you see some talking about saudi in general as a terrorist country while their own countries bomb and kill innocent people every day in syria, Afghanistan and other countries but it's ok as long as they live in a democracy then they can attack anyone.
First of, I know who I am giving money to. I always try to minimize giving money to such assholes if I can.
Second, why do you care why I think this gen is going to suck? It is clear that you don't feel that way but I do. Why does it matter to you?
Are you going around killing journalists and turning them into goo? Because there are different levels of "bad". Someone like MBS getting involved is another level.
Why does the size of a company matter?
Yes, I get that but as I said we have no idea who is investing where but I guess now that this is public you are free to change where you spend your money now.
You made a statement on a public forum where topics like this have active discussion, is it not reasonable to ask for a follow-up as to why? It's entirely up to you what you choose to answer.
I said why in my first post didn't I? There are various reasons but they don't fit this particular thread. Unless you want me to derail the thread?
For me getting into the race means a heavy investment. 300 million to acquire SNK isn't one.