Saudi Arabian Public Investment Fund Purchases $1.4 billion in Activision Blizzard Stock

The Saudi Arabian Public Investment Fund has purchased $1.4 billion in shares of Activision Blizzard, $1.07 billion in Electronic Arts, and $825 million in Take-Two Interactive, boosting the investment fund's U.S. equity exposure to nearly $12.8 billion. This purchase represents a significant interest in western video game developers by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, chairman of the Public Investment Fund, who previous cited Call of Duty as his favorite diversion.

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