Saudi sovereign fund tightens grip on gaming with EA, Scopely, SNK acquisitions
Saudi Arabia's Public Investment Fund (PIF), via its gaming arm Savvy Games Group, has acquired Electronic Arts, owns mobile giant Scopely and retro studio SNK, and holds stakes in Nintendo and Capcom. European gamers and developers now face an industry partly controlled by a foreign sovereign wealth fund with ambitions to turn the kingdom into a gaming hub.
Bottom line — PIF's gaming portfolio now includes EA, Scopely, SNK, and stakes in Nintendo and Capcom, per BGR.
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- In August 2026, a consortium led by PIF (with Silver Lake and Affinity Partners) acquired EA for about €51 billion (US$55 billion), one of the largest leveraged buyouts in history, according to BGR. PIF contributed €33.5 billion (US$36 billion) and borrowed the rest from JPMorgan.
- Savvy Games Group bought mobile studio Scopely for €4.6 billion (US$4.9 billion) in July 2023. Scopely later acquired Niantic (Pokémon GO) in 2025, bringing those titles under Saudi control.
- PIF affiliate Electronic Gaming Development Company (EGDC) owns over 96% of SNK, maker of Fatal Fury, after increasing its stake from 33.3% in 2020 to majority ownership in 2022.
- PIF holds an 4.23% stake in Nintendo, making it the company's largest outside shareholder, and earlier in 2026 EGDC bought 5.03% of Capcom, per BGR.
- PIF also launched the Esports World Cup in Riyadh in 2024, an annual competition with tens of millions in prizes. Critics have accused the event of 'sportswashing', using sports to distract from human rights concerns.
- The fund's rapid expansion in gaming has raised concerns among players about creative freedom, though SNK producer Yasuyuki Oda promised the studio retains 'full freedom' in creative aspects, according to VGC.