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Embracer Group is understood for being the house owners of varied franchises, together with Tomb Raider, Lord of the Rings and Saints Row. Earlier this 12 months, Embracer Group confirmed {that a} “transformative” partnership with one other firm fell aside. Nonetheless, that they had by no means named the corporate that they have been making an attempt to accomplice up with.
Effectively, now we all know. Axios has discovered that the unknown accomplice concerned with the collapsed $2,000,000,000 deal was truly Savvy Video games Group, an organization funded by the federal government of Saudi Arabia. It’s not the primary time that the Saudi authorities has tried to spend money on the video gaming business. In actual fact, as of this 12 months, the Saudi Arabia Public Funding Fund presently has a 8.26% stake in Nintendo.
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