Saudi Arabia’s controversial Public Investment Fund (PIF) now owns part of Embracer – the umbrella company which owns Gearbox, Saber Interactive, THQ Nordic and Deep Silver – making the publisher the latest in a long line of video game investments from the initiative chaired by Prince Mohammed bin Salman.
Along with its video game investments, the PIF also has stakes in Uber, live events conglomerate Live Nation Entertainment and additionally owns 80 percent of Newcastle United.
Embracer now joins the likes of EA, Take Two Interactive, Capcom and Activision Blizzard, which the PIF also has stakes in.
Meanwhile, Embracer recently made headlines following news it had purchased the rights to big franchises such as Tomb Raider and Deus Ex from Square Enix.