Saturday, May 28

An Arab investment group buys shares of Capcom and Nexon

The consolidation of the industry is a fact, with Microsoft, Sony, Tencent, NetEase or Embracer Group acquiring multiple studios -Nintendo seems to be the exception at the moment-. Although much has been speculated about the possibility of seeing the purchase of one of the great Japanese publishers in the hands of a first party, It has been a group from Saudi Arabia that has made a minority investment in Capcom and Nexon.

This group has invested more than 1 billion dollars in the creators of Resident Evil, Street Fighter The Monster Hunter and in the South Korean developer specializing in online games. They are small investments -although it has not been revealed how much there is in each company-, slightly more than 5%, and therefore this group will not have control of Capcom or Nexon.

It is yet another investment by Saudi Arabian companies that in recent years have opted for esports and video game companies. In December 2020 the fund acquired more than 3 billion shares in Activision Blizzard, Electronic Arts and Take-Two, so they will make a profit from the purchase of Microsoft from Activision Blizzard – they will be paid at 95 dollars compared to 79-91 dollars the shares held in December 2020-. Supposedly it is part of Prince Mohammed bin Salman’s strategy so that the Saudi economy does not depend so much on oil. SNK also received an investment from the group.

They buy shares of Capcom and Nexon

Studio buyout is far from over

“I’ve heard it from several people: as you might suspect, there are multiple other big deals in the video game industry in the final stages of their negotiations,” said Geoff Keighley, organizer of The Game Awards. Analysts believe there is still plenty of movement to see, especially if Netflix and other giants want to enter the industry. Jim Ryan, CEO of PlayStation assured that there are more purchases underway: “I assure you that you should wait more. We are by no means finished. With PlayStation we have a long way to go.”



Reference-vandal.elespanol.com

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