Saudi Arabia increases its ambition in electronic games by acquiring 'electronic arts' by $ 55 billion

Saudi Arabia is chasing its plans to convert an electronic game center through its major agreement to convert ‘electronic arts’ to a private company. In addition to a list of a $ 5 billion list that the company turns to the new entity, the Saudi public investment fund offers a new capital greater than the ‘Silver Lake Management’ and ‘Affinity Partners’ of Jared Kushner to buy other shares from public investors, according to people. It would be the biggest contributor to $ 36 billion in the property rights pumped to finance the agreement, the people who asked not to disclose their identity because they discussed unannounced information. Read the details: “Electronics Arts” is transforming a private enterprise into a major agreement that represents this agreement the latest performance of the Saudi Kroon Prince Mohammed Bin Salman, who supported the emerging sector. Electronic games are part of a national strategy in Saudi Arabia. Prince Muhammad focuses on electronic games as part of a national strategy to provide tens of thousands of new jobs and diversify the economy of the kingdom away from oil. Prince Mohammed Bin Salman, head of the Saudi public investment fund, invested about $ 30 billion in this industry, according to Aldora Market Research Company. This includes building an interest in the company “Nintendo” and the acquisition of the famous “Pokemon Go” game. The Kingdom also built a large city with four different games squares as part of this effort. “Their comprehensive strategy is to bring jobs to Saudi Arabia, a step that goes for a full generation over the next twenty years,” said Michael Batcher, an analyst at the ‘Wedbush Securities’. ‘Their comprehensive strategy is to bring jobs to Saudi Arabia, a step that goes for a full generation over the next twenty years. Batcher added that the company “Electronics Arts”, which includes successful works such as the American football “Mawaden” series, the series “Battlefield” and American Football Game “EA Sports FC”, “meets all these requirements.” A trillion dollar Saudi investments in America are the ‘electronic arts’ trade after the prince announced in May that it would improve the kingdom’s investments in the United States in the coming years, as part of an effort to deepen trade relations between the kingdom and the largest economy in the world. Read the details .. Mohammed Bin Salman: We will raise Saudi investments in America in a trillion dollar that is the company, which is in Redwood City, in California, $ 1.12 billion in $ 7.46 billion in the last financial year. The new “Battlefield” match will be strongly released on October 10. If the agreement is completed, it will be the greatest acquisition of debt in history. JB Morgan Bank supplies $ 20 billion to debt financing. Saudi Arabia invested at Electronics Arts for the first time in 2021 when it acquired a $ 1.1 billion share in the company. The kingdom bought more shares, which increased the value of its investments to $ 4.8 billion to September 26, according to the data collected by “Bloomberg”. The public investment fund portfolio also includes interests in the Embracer Group AB, Take-Towo Interactive Software Inc. and Nexon. The Saudi Sovereign and the company “SAI” turns the public investment fund of the minority classes into game companies to target ownership. The prince set up the Savy Games four years ago, with the aim of building the country’s Games infrastructure. The company, “Savy”, owned by the Public Investment Fund, has begun the acquisition of electronic sports, where professional players compete in front of the supporters, either on the ground or via the internet. Also read: The Saudi Electronic Games Market accounts for 20% of the revenue of the sector in the region in 2023, “SAVI” obtained the company “Scopi”, the company designed for cellphone games, compared to $ 4.9 billion. The timing was perfect as Scophi the game ‘Monoboli Joe!’ Have launched, which has achieved worldwide success. Earlier this year, Scopi paid $ 3.5 billion to buy the Niancice Games division, including the successful “Pokemon Go” game. While these transactions have made the kingdom a power in the field of games on mobile devices, the public investment fund has not been attended equally in the field of games and personal computers. SAVI CEO Brian Ward highlighted this void in an interview with Bloomberg News in August. “There is no clear solution in this area,” Ward said. “Also read: The Saudi electronic sports trip of the hobby to reach 50 billion Riyals is perhaps the close relationship with” SAVI “which is useful for electronic arts, which made some errors in the field of cell phones, including what some analysts considered a disappointing acquisition of” Glu “in 2021. of stability. Sales were weak after the boom that took place during the pandemic period, while many people stayed in their homes. The shares of “electronic arts” have not yet seen how any movements were mentioned during the seven years before the start of this year. To revive the “Dragon Edge” series. Saudi Arabia. Andrew Maroc, an analyst at Raymond James, obtained some investments and created a qualitative shift. He added: ‘It is normal for’ EA Sports FC ‘to be compatible with such efforts. “The International Olympic Committee announced annually by the end of the contract and the embrace of dozens of video games developers that the first issue of the Electronic Sports Olympics will be held in Riyadh. Ceremony, shaking hand with the winners.