Announced
Financials
Sources
Tags
Single Bidder
Public
Pending
Media Agencies
Cross Border
Sweden
Minority
video game publisher
Acquisition
video game developer
Friendly
Synopsis
Savvy Gaming Group, a games and esports company founded and owned by Saudi Arabia's sovereign wealth fund, PIF, agreed to acquire a stake in Embracer Group, a Sweden-based video game and media company, of $1.05bn. "Savvy Gaming Group's investment of $1bn enables us to continue executing our strategy proactively from a position of strength across the global gaming industry," Lars Wingefors, Embracer founder and chief executive.
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