- The sovereign fund previously held 11 million shares worth less than $3 billion.
- The restructuring strengthens Sevi’s role as the Kingdom’s primary gaming investment vehicle.
- PIF also agreed to acquire Electronic Arts in a $55 billion deal as part of its broader gaming strategy.
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Saudi Arabia’s Public Investment Fund has transferred its stake in Take-Two Interactive to gaming-focused subsidiary Savvy Games Group.
As reported reutersThe sovereign wealth fund was Take-Two’s second-largest shareholder, with about 11 million shares worth just under $3 billion.
The filing confirms that the position is now formally held by Savvy Games Group, consolidating the Kingdom’s gaming investments under the company.
Take-Two is the publisher of major franchises including Grand Theft Auto, Red Dead Redemption, NBA 2K and Borderlands. It is also the parent company of mobile games giant Zynga.
massive gaming push
The move follows PIF’s January announcement to transfer approximately $12 billion worth of gaming-related shares to Savvy, including stakes in Nintendo and Bandai Namco Holdings.
Once completed, Sevi is expected to hold about a 10% stake in companies such as Koei Tecmo, NCSoft, Nexon and Square Enix, further strengthening its presence in publishing and development.
Last year, PIF and other investors agreed to acquire Take-Two rival Electronic Arts for $55 billion as part of its broader gaming push. The deal is expected to be completed later this year.
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