Embracer Gets Saudi Investment

Bloomberg Reports the Saudi Public Investment Fund has made a $1 billon investment in Embracer Group, marking the latest big gaming investment from Saudi Arabia. The country is notorious for human rights abuses, and the fund's head, Crown Prince Mohammed bin Salman has been linked to the murder of journalist Jamal Khashoggi. But the fund is flush with cash, and cash is king. Here's word on the deal:
The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group AB after acquiring almost 100 million shares in the Karlstad-based company. The move follows a similarly sized acquisition in January, when Savvy bought the e-sports division of Modern Times Group at an enterprise value of $1.05 billion.

The PIF, as the $500 billion fund is known, continues to deepen its push into a gaming sector that is in the grip of consolidation. Last month, the fund took a 5.01% stake in Nintendo Co., marking its third investment in a Japanese games company.
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14.
 
Re: Embracer Gets Saudi Investment
Jun 13, 2022, 19:54
14.
Re: Embracer Gets Saudi Investment Jun 13, 2022, 19:54
Jun 13, 2022, 19:54
 
LOL -- the look on Norman's face is fantastic. As for the, "they just showed you who they are", Rich -- anyone paying attention knew who they were. As you said, Phil said the quiet part out loud before the LIV tour started.

As Rich accurately stated, it all comes down to can you live with the guy in the mirror. Personally, getting 120k for finishing last (out of 48), or having to finish 19th out of 150 golfers -- seems like a simple choice to me unless you are one of the top 20 golfers in the world. And that's without the appearance money, it would be cool if we knew the appearance money for all 48.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
13.
 
Re: Embracer Gets Saudi Investment
Jun 13, 2022, 19:19
13.
Re: Embracer Gets Saudi Investment Jun 13, 2022, 19:19
Jun 13, 2022, 19:19
 
https://sports.yahoo.com/what-will-liv-golf-do-to-phil-mickelsons-legacy-191246653.html
I could not figure out how to link the 2nd video that was 10 minutes.
Sports Washing saudi money is real, every player (even those that come in dead last) makes more money than they ever thought possible.

edit
Rich Eisen show. found it https://youtu.be/dyCTb7bepww
"I expect death to be nothingness and by removing from me all possible fears of death, I am thankful to atheism." Isaac Asimov
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12.
 
Re: Embracer Gets Saudi Investment
Jun 11, 2022, 06:47
12.
Re: Embracer Gets Saudi Investment Jun 11, 2022, 06:47
Jun 11, 2022, 06:47
 
RedEye9 wrote on Jun 9, 2022, 11:42:
PGA Tour officially suspends golfers (they’re no longer eligible to participate in PGA Tour tournaments) for participatinge in Saudi Golf League/LIV Golf event.How’s that for gnashing.
Finally took a minute to read one of the articles on this, was amused to see only 17 people were suspended. That means 31 of the 48 people playing in the SGL/LIV were not current members of the PGA. So, the quality of golfers, despite the some well known players who have switched, is not exactly top-notch...
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
11.
 
Re: Embracer Gets Saudi Investment
Jun 11, 2022, 00:36
11.
Re: Embracer Gets Saudi Investment Jun 11, 2022, 00:36
Jun 11, 2022, 00:36
 
Mr. Tact wrote on Jun 9, 2022, 11:49:
Yeah, but the PGA runs at most one of the the four majors, and I'm not sure even the PGA Tournament is run by them. The USGA already stated they are welcome to the US Open.

Is it "blood money"? Maybe. Are we going to stop buying their oil or selling them weapons? Nope.
Indeed, there are stories of Biden "resetting" the Saudi relationship in light of the loss of fossil fuels from Russia and Ukraine due to the war. Realpolitik.
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
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10.
 
Re: Embracer Gets Saudi Investment
Jun 9, 2022, 11:49
10.
Re: Embracer Gets Saudi Investment Jun 9, 2022, 11:49
Jun 9, 2022, 11:49
 
Yeah, but the PGA runs at most one of the the four majors, and I'm not sure even the PGA Tournament is run by them. The USGA already stated they are welcome to the US Open.

Is it "blood money"? Maybe. Are we going to stop buying their oil or selling them weapons? Nope.
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
9.
 
Re: Embracer Gets Saudi Investment
Jun 9, 2022, 11:42
9.
Re: Embracer Gets Saudi Investment Jun 9, 2022, 11:42
Jun 9, 2022, 11:42
 
PGA Tour officially suspends golfers (they’re no longer eligible to participate in PGA Tour tournaments) for participatinge in Saudi Golf League/LIV Golf event.How’s that for gnashing.
"I expect death to be nothingness and by removing from me all possible fears of death, I am thankful to atheism." Isaac Asimov
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8.
 
Re: Wind factor of 9.9
Jun 9, 2022, 07:35
8.
Re: Wind factor of 9.9 Jun 9, 2022, 07:35
Jun 9, 2022, 07:35
 
WitcherOntheProwl wrote on Jun 8, 2022, 15:18:
So it begins. So the corruption starts already.
Begins? More like continues... I have been recently amused by the gnashing of teeth over the Saudi LIV golf league. What is a few hundred million to some already well off golfers compared to the 10s of billions paid to the US government for weapons? And while the PGA sponsors might not be killing journalists, I wouldn't call them paragons of virtue....
“Extinction is the rule. Survival is the exception.” -- Carl Sagan
7.
 
Re: Embracer Gets Saudi Investment
Jun 9, 2022, 06:26
7.
Re: Embracer Gets Saudi Investment Jun 9, 2022, 06:26
Jun 9, 2022, 06:26
 
Teddy wrote on Jun 9, 2022, 02:25:
This affects, for the record, Gearbox Entertainment, Coffeestain Studios, Volition, Bugbear, Warhorse Studios, Saber Interactive, and potentially Crystal Dynamics, Eidos Montreal, and Square Enix Montreal among a truck ton of other familiar names. Some 75+ studios will now likely be censored from any perceived criticism of Saudi Arabia.

Have they criticized Saudi Arabia before now?
Do you have a single fact to back that up?
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6.
 
Re: Embracer Gets Saudi Investment
Jun 9, 2022, 02:25
6.
Re: Embracer Gets Saudi Investment Jun 9, 2022, 02:25
Jun 9, 2022, 02:25
 
This affects, for the record, Gearbox Entertainment, Coffeestain Studios, Volition, Bugbear, Warhorse Studios, Saber Interactive, and potentially Crystal Dynamics, Eidos Montreal, and Square Enix Montreal among a truck ton of other familiar names. Some 75+ studios will now likely be censored from any perceived criticism of Saudi Arabia.
5.
 
Re: Embracer Gets Saudi Investment
Jun 8, 2022, 19:09
5.
Re: Embracer Gets Saudi Investment Jun 8, 2022, 19:09
Jun 8, 2022, 19:09
 
How many journos need to be murdered for this sort of money?
4.
 
Re: Embracer Gets Saudi Investment
Jun 8, 2022, 15:36
Kxmode
 
4.
Re: Embracer Gets Saudi Investment Jun 8, 2022, 15:36
Jun 8, 2022, 15:36
 Kxmode
 
I think that has to be the biggest Pay-2-Win purchase.
"...and now with sports. The Cointen Spinky Whompers flumped the Floing Boing Welfencloppers, 70-fluff to 40-flabe. At the tone, the time will be 26 railroad."
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3.
 
Wind factor of 9.9
Jun 8, 2022, 15:18
3.
Wind factor of 9.9 Jun 8, 2022, 15:18
Jun 8, 2022, 15:18
 
So it begins. So the corruption starts already.
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2.
 
Re: Embracer Gets Saudi Investment
Jun 8, 2022, 14:46
2.
Re: Embracer Gets Saudi Investment Jun 8, 2022, 14:46
Jun 8, 2022, 14:46
 
Hardline Mike wrote on Jun 8, 2022, 14:15:
Hey that's 1 billion spent on video games and not on hiring assassins!
Dismemberment ain’t cheap. Knife
And if I recall they didn’t have to hire anyone, those lovable employees were already on the payroll.
Ain’t Oil grand.
"I expect death to be nothingness and by removing from me all possible fears of death, I am thankful to atheism." Isaac Asimov
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1.
 
Re: Embracer Gets Saudi Investment
Jun 8, 2022, 14:15
1.
Re: Embracer Gets Saudi Investment Jun 8, 2022, 14:15
Jun 8, 2022, 14:15
 
Hey that's 1 billion spent on video games and not on hiring assassins!
Do you have a single fact to back that up?
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