Saudi Arabia Accelerates Global Gaming Push with Billion-Dollar Deals and Expanded PIF Mandate
Riyadh deepens its multi-tiered investment strategy as Savvy Games and the Public Investment Fund pursue major stakes in Scopely, Moonton, Take-Two and a $55 billion bid for Electronic Arts
Saudi Arabia is intensifying its strategic expansion into the global video games industry, deploying capital at multiple levels through its sovereign wealth vehicle and affiliated entities in what amounts to one of the most ambitious state-backed pushes into interactive entertainment.
Gaming studio Scopely, owned by Savvy Games Group — itself backed by the Kingdom’s Public Investment Fund — is acquiring a majority stake in Turkish developer Loom Games in a transaction valued at up to one billion dollars.
The deal strengthens Scopely’s international development pipeline and underscores Riyadh’s appetite for high-growth mobile and cross-platform gaming assets.
At the same time, Savvy Games is reported to be in advanced discussions to acquire China’s Moonton, the studio behind the globally popular title Mobile Legends, in a transaction mooted at around six billion dollars.
If concluded, the acquisition would significantly expand Saudi-backed exposure to Asian gaming markets and deepen its footprint in competitive multiplayer and esports ecosystems.
The largest transaction under consideration is unfolding directly at the Public Investment Fund level.
The sovereign wealth fund is leading a proposed fifty-five billion dollar bid to take U.S. gaming giant Electronic Arts private, a move that would rank among the most consequential takeovers in the history of the industry.
Electronic Arts publishes major franchises spanning sports simulation and action-adventure titles, and a successful deal would cement Saudi Arabia’s position as a central force in global gaming.
Savvy Games is also being entrusted with a broader portfolio of gaming assets.
The Public Investment Fund has transferred a three billion dollar stake in Take-Two Interactive — the publisher behind the Grand Theft Auto franchise — to Savvy’s oversight.
Additional holdings, including previously acquired stakes in Nintendo, have also been consolidated under Savvy’s management, signalling a structural shift in how the Kingdom organizes its gaming investments.
This consolidation could propel Savvy into the ranks of the world’s largest gaming companies by enterprise value and influence, particularly if the Electronic Arts bid is completed and integrated into its portfolio.
The multi-tiered strategy — combining direct sovereign fund bids with subsidiary-level acquisitions — reflects Riyadh’s long-term ambition to position itself as a global hub for gaming development, publishing and esports.
Saudi Arabia has identified gaming and esports as key pillars of its economic diversification agenda, with plans to develop domestic talent, infrastructure and intellectual property while also acquiring established global studios.
Officials have framed the strategy as both an economic opportunity and a means of fostering technological innovation and youth engagement in one of the world’s fastest-growing entertainment sectors.
With capital commitments spanning North America, Europe and Asia, and deal sizes ranging from strategic minority stakes to full-scale buyouts, the Kingdom’s latest moves signal an acceleration rather than a pause in its global gaming ambitions.