In an announcement sent to SNK investors, it was confirmed that the EGDC is now a majority owner in the company.
"I won’t say that Pokemon GO will remain the same, because it has always been a work in progress."
We now have official confirmation of the rumoured EA buyout, with the company announcing its acquisition by a private consortium for $55 billion. The list of buyers contains the typical...
Saudi Arabia's Public Investment Fund continues to pour money into global game development.
Saudi Arabia has purchased 5.01% of Nintendo as the country's Public Investment Fund (PIF) continues to invest in video game companies.
Saudi Arabia has increased its investment stake in Nintendo, buying up new shares.
Embracer Group is the latest games company to receive investor funding from Saudi Arabia.
The IOC has confirmed a 12-year deal with the Saudi NOC to host the Olympic Esports Games.
The collapse of the deal led to a major rescope at Embracer Group, and the closure of some divisions.
Plans for the reported DLC remain under wraps.