The Public Investment Fund of Saudi Arabia acquired 7.4 million shares of EA, valued at $1.1 billion, in February 2021.
Shit me not, this is as obtuse of an investment news as …fucking Kermit the frog winning the lottery. And tomorrow Kermit the Frog will be everywhere on social media and ruling parts of the video gaming business everywhere.
Imagine that, if the Saudi Investment fund doesnt see anything worth investing in when they announce the next Mass Effect game or the next NBA 2022, they will jump ship and invest in …OIL. But at least the developers get paid and the stock will tank. I just hope they don’t invest in bubble gum stocks next, you know how well bubble gum is selling right now.