Embracer Group is thought for being the house owners of assorted franchises, together with Tomb Raider, Lord of the Rings and Saints Row. Earlier this 12 months, Embracer Group confirmed {that a} “transformative” partnership with one other firm fell aside. Nevertheless, that they had by no means named the corporate that they have been trying to companion up with.
Nicely, now we all know. Axios has discovered that the unknown companion concerned with the collapsed $2,000,000,000 deal was truly Savvy Video games Group, an organization funded by the federal government of Saudi Arabia. It’s not the primary time that the Saudi authorities has tried to put money into the video gaming business. Actually, as of this 12 months, the Saudi Arabia Public Funding Fund at present has a 8.26% stake in Nintendo.
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