Saudi Arabia invests $1bn in Swedish gaming giant Embracer ...Kuwait

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Saudi Arabia invests $1bn in Swedish gaming giant Embracer
Saudi Arabia's Public Investment Fund (PIF) has made a $1 billion investment to acquire an 8.1  percent stake in Swedish gaming giant Embracer Group. The move is the sovereign wealth fund's fourth venture this year into the global gaming industry, with the shares purchased set to be issued to the PIF's Savvy Gaming Group subsidiary. "Savvy Gaming Group’s investment of $1 billion enables us to continue executing our strategy proactively from a position of strength across the global gaming industry," Embracer CEO Lars Wingefors said in a statement.  "The largest country in this market, by far, is Saudi Arabia, and having visited Saudi Arabia, I have seen the gaming comm

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