Embracer Group is thought for being the house owners of varied franchises, together with Tomb Raider, Lord of the Rings and Saints Row. Earlier this yr, Embracer Group confirmed {that a} “transformative” partnership with one other firm fell aside. Nonetheless, they’d by no means named the corporate that they had been trying to associate up with.
Effectively, now we all know. Axios has discovered that the unknown associate 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 spend money on the video gaming business. The truth is, as of this yr, the Saudi Arabia Public Funding Fund presently has a 8.26% stake in Nintendo.
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