PIF shifts gaming investments to Savvy to strengthen oversight of e-sports, video game holdings
The Public Investment Fund (PIF) is transferring nearly $12 billion worth of gaming company shares—including stakes in companies such as Nintendo and Bandai Namco—to its subsidiary, Savvy Group, Bloomberg reported, citing a document it reviewed. 
Once the transfers are completed, Savvy is expected to hold nearly 10% stakes in companies such as Koei Tecmo, NCSoft, Nexon Co., and Square Enix Holdings Co.
The report noted that Savvy is not a party to the $55 billion Electronic Arts acquisition led by a consortium under PIF, according to an informed source.
PIF’s shares in Take-Two Interactive, totaling 11.4 million shares, have been transferred to a company fully owned by Savvy, according to a disclosure filed by the fund with the US Securities and Exchange Commission.
The source explained that Savvy will continue the fund’s non-interventionist investment approach and does not plan to become an active investor.
Separately, Ammar Batkhuu, Savvy’s spokesperson, said the transfer had been planned for a long time and will shift the stewardship of the fund’s games investments to Savvy, given its position as a leading games organization for the fund and a key component of the National Gaming and Esports Strategy. He emphasized that there are no plans to change the investment strategy.
PIF shifts gaming investments to Savvy to strengthen oversight of e-sports, video game holdings
The Public Investment Fund (PIF) is transferring nearly $12 billion worth of gaming company shares—including stakes in companies such as Nintendo and Bandai Namco—to its subsidiary, Savvy Group, Bloomberg reported, citing a document it reviewed.
Once the transfers are completed, Savvy is expected to hold nearly 10% stakes in companies such as Koei Tecmo, NCSoft, Nexon Co., and Square Enix Holdings Co.
The report noted that Savvy is not a party to the $55 billion Electronic Arts acquisition led by a consortium under PIF, according to an informed source.
PIF’s shares in Take-Two Interactive, totaling 11.4 million shares, have been transferred to a company fully owned by Savvy, according to a disclosure filed by the fund with the US Securities and Exchange Commission.
The source explained that Savvy will continue the fund’s non-interventionist investment approach and does not plan to become an active investor.
Separately, Ammar Batkhuu, Savvy’s spokesperson, said the transfer had been planned for a long time and will shift the stewardship of the fund’s games investments to Savvy, given its position as a leading games organization for the fund and a key component of the National Gaming and Esports Strategy. He emphasized that there are no plans to change the investment strategy.
