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: Sovereign Wealth Funds
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 and Democrats Agree: U.S. Needs a National Wealth Fund for Investments
Donald Trump has suggested he wants one, and the White House indicated that it has been quietly working on a proposal to set one up.
An American Sovereign Wealth Fund? Easier Said Than Done.
Creating a U.S. investment fund to compete against those in China and the Middle East could create more problems than it would solve.
Serbia Approves Plans For a Hotel With Jared Kushner in Belgrade
The redevelopment plans for a bombed NATO site in Belgrade in partnership with the government provoked immediate criticism in Serbia.
UAE, a US Ally, Looks to China and Russia for Deeper Ties
The United Arab Emirates, which has translated its wealth into outsize global influence, is diverging from U.S. foreign policy — particularly when it comes to isolating Russia and limiting ties with China.
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.
Saudi Arabia’s LIV Golf Deal Is a Triumph That Transcends Sports
The deal to merge LIV Golf with the PGA Tour is a big win for the oil-rich kingdom, headlining a banner week that also includes a visit from the American secretary of state.
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.
King Charles Inherits Riches, and Passes Off His Own Empire
As prince, Charles used tax breaks, offshore accounts and canny real estate investments to turn a sleepy estate into a billion-dollar business.