Saudi Arabia acquires 5% of Capcom

The Gulf Arab state is spending $332 million to acquire a 5% stake in Japanese publisher Capcom.

Saudi Arabia confirms its interest in Eastern fighting game publishers. After the acquisition at the end of 2020 of 33.3% of shares of SNK by Mohamed Bin Salman’s MiSK foundation, it’s Capcom’s turn with 5% traded for $332 million.

This is the group Bloomberg who announced it first, noting in passing that this Gulf country also shopped at Nexon. In total, these two purchases total more than a billion dollars of investment.

These transactions come from the Sovereign Public Fund of Saudi Arabia (PIF) whose objective is to diversify the economy of the kingdom, which is still highly dependent on oil.

It is therefore a busy week in the sector, between the purchase of Blizzard by Microsoft and Bungie by Sony.

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