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Nalezeno "the public investment fund": 26

Layoffs At EA Austin Following Split With FIFA


Electronic Arts is laying off a ton of customer service staff at its Austin office, according to internal emails viewed by Kotaku. One source familiar with the decision told Kotaku that as many as 100 employees could be affected, many of whom supported live operations on FIFA 22. Going forward,...

Saudi Arabia Now Owns 5% Of Nintendo


Saudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01% stake in Nintendo.Read more

EA Cancels Its Big Summer Event


First kicking off in 2016, Electronic Arts has traditionally used the week of E3 in early June to hold its own EA Play Live event, during which the publisher would make many of its biggest announcements for the year. That’s coming to an end in 2022.Read more

Saudi-Backed Company Buys ESL For $1 Billion


It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more

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