Esports: wise investments made

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The Saudi Electronic Sports Federation plans to invest $38 billion to become a hub.Images: getty

Saudi Arabia entered the world of gaming and esports through its public investment fund, making significant investments in some companies and acquiring others. By “investing to elevate the Kingdom and elevate the world”, as it said in a recent statement, Saudi Arabia is trying to show that it can be the center of technological progress, including gaming and esports. .

Last month, the Saudi Esports Federation announced it was joining the country’s Vision 2030, with the aim of investing $38 billion to become a global hub for esports and gaming. PIF, through Savvy Gaming Group, has already invested over $1 billion in esports and gaming and now has the largest tournament organization through its ESL Faceit group. Savvy Gaming Group’s investments include:

Faceit ESL Group

Investment: Acquisition
Cost: $1.5 billion

This acquisition brought together three of the largest esports tournament organizers under one umbrella, becoming the largest of its kind in the industry. ESL, Faceit and DreamHack (an ESL property) have regularly hosted the world’s most prestigious esports tournaments and leagues, including major tournaments for Counter-Strike: Global Offensive and Dota 2.

group of kissers

Investment: 8.1% of capital
Cost: $1 billion

In June, Savvy Gaming Group invested $1 billion in Swedish video game and media company Embracer Group, which has made a slew of acquisitions over the past few years. Embracer has acquired companies such as Gearbox Entertainment (Borderlands series), Coffee Stain (Valheim, Goat Simulator) and THQ Nordic, and now owns over 100 game studios with over 200 games in development.

nintendo

Investment: 5% of capital
Cost: $1 billion

Nintendo is one of the world’s most renowned computer hardware manufacturers and video game publishers, with a global presence, successful franchises like Mario and a theme park partnership with Universal Studios. Savvy said he purchased the shares “for investment purposes.”

Other notable investments:

The Savvy Gaming Group does not own all of the gaming and esports companies or the Public Investment Fund holdings. The PIF has its own investments, such as the approximately 5% stakes it holds in Capcom, developer of the Street Fighter V game, and Nexon, another video game publisher, which are each worth just over $1 billion. dollars.

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