Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Tag: Public Investment Fund (Saudi Arabia)
Saudi Arabia May Partner With UFC Owner TKO to Create Boxing League
A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.
Trump Organization Signs Contract for New Saudi Tower
The residential high-rise tower in Jeddah is the latest of several developments that the former president’s company has planned for the Middle East.
Saudi Arabia’s Next Billion-Dollar Sports Play: A Boxing Takeover
A proposal awaiting financing would attempt to bring together dozens of the world’s best boxers in a single, Saudi-run pro league.
Israel-Hamas War Looms Over Saudi Arabia Forum
The kingdom is embracing business as usual, hosting an investment forum, concerts and even fashion shows. But grief, fear and outrage over Israel’s bombardment of Gaza simmer just below the surface.
What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Kushner Firm Got Hundreds of Millions From 2 Persian Gulf Nations
The infusion of money from interests in the two Persian Gulf monarchies reflects the close ties to Middle Eastern countries established by Jared Kushner, former President Donald Trump’s son-in-law.