Saudi Arabia’s controversial Public Investment Fund (PIF) has increased its stake in FIFA publisher EA.
According to Seeking Alpha (via Eurogamer’s sister site GamesIndustry.biz), a new filing regarding the fund was published yesterday (15th May). This filing was for the three months that ended on 31st March, and reveals the PIF purchased more shares in EA during Q4 2022.
Prior to this quarter, the PIF held 16.01m shares in EA. It has since increased this stake by 55 percent, and now holds 24.81m shares as of the end of Q1 2023.
Source – eurogamer.net
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