Saudi’s PIF Transfers $3B Stake to US Game Publisher Savvy Games Group

Saudi Arabia’s Public Investment Fund has transferred its stake in US video game publisher Take-Two Interactive to Savvy Games Group, its gaming-focused subsidiary, according to a regulatory filing submitted ahead of the launch of ‘Grand Theft Auto VI’.

The sovereign fund had been Take-Two’s second-largest shareholder, holding roughly 11 million shares valued at just under $3 billion. The filing indicates that the position is now formally held by Savvy Games Group, consolidating the Kingdom’s gaming investments under its dedicated sector vehicle.

Take-Two Interactive is best known for blockbuster franchises including ‘Grand Theft Auto’, ‘Red Dead Redemption’, ‘NBA 2K’, and ‘Borderlands’. The upcoming ‘Grand Theft Auto VI’ is widely regarded as one of the most significant releases in the industry’s current cycle, with expectations of record-breaking sales upon launch.

The move forms part of Saudi Arabia’s broader push into the global gaming sector. Savvy Games Group has been positioned as the Public Investment Fund’s primary platform for gaming investments, spanning publishing, esports, and development.

Last year, the Public Investment Fund and other investors agreed to acquire Take-Two rival Electronic Arts in a $55 billion deal. Electronic Arts is the publisher behind major titles such as ‘EA Sports FC’ (formerly ‘FIFA’), ‘Battlefield’, ‘The Sims’, and ‘Apex Legends’.