{"id":12139,"date":"2022-06-14T12:12:49","date_gmt":"2022-06-14T11:12:49","guid":{"rendered":"https:\/\/www.xtremeservers.com\/blog\/embracer-boss-issues-lengthy-statement-on-saudi-funds-840m-stake\/"},"modified":"2022-06-14T12:12:49","modified_gmt":"2022-06-14T11:12:49","slug":"embracer-boss-issues-lengthy-statement-on-saudi-funds-840m-stake","status":"publish","type":"post","link":"https:\/\/www.xtremeservers.com\/blog\/embracer-boss-issues-lengthy-statement-on-saudi-funds-840m-stake\/","title":{"rendered":"Embracer boss issues lengthy statement on Saudi fund’s \u00a3840m stake"},"content":{"rendered":"
\n

\nLars Wingefors, the boss of Embracer Group, has issued a lengthy statement discussing the recent \u00a3840m investment in the company by the Savvy Gaming Group<\/a>, a subsidiary of Saudi Araba’s controversial Public Investment Fund.\n<\/p>\n

\nFounded in Sweden, Embracer is the enormous umbrella corporation which owns more than 100 studios including Borderlands developer Gearbox, publishing groups such as THQ Nordic, Koch Media and Saber Interactive, and franchises such as Tomb Raider and Deus Ex.\n<\/p>\n

\nThe Savvy Gaming Group (SGG), meanwhile, is a gaming-focused arm of the Saudi investment fund set up by the hugely controversial Prince Mohammed bin Salman, in a bid to diversify and modernise the country’s foreign incomes.\n<\/p>\n

Read more<\/a><\/p>\n<\/div>\n

Source – eurogamer.net<\/p>\n

All content and images belong to their respected owners. This article is aggregated for informational purposes only with full credit to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lars Wingefors, the boss of Embracer Group, has issued a lengthy statement discussing the recent \u00a3840m investment in the company by the Savvy Gaming Group, a subsidiary of Saudi Araba’s controversial Public Investment Fund. Founded in Sweden, Embracer is the enormous umbrella corporation which owns more than 100 studios including Borderlands developer Gearbox, publishing groups<\/p>\n","protected":false},"author":4,"featured_media":12140,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[424,4351,4352],"class_list":["post-12139","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ps5","tag-boss","tag-lars","tag-wingefors"],"yoast_head":"\nEmbracer boss issues lengthy statement on Saudi fund's \u00a3840m stake | Xtreme Servers<\/title>\n<meta name=\"description\" content=\"View Embracer boss issues lengthy statement on Saudi fund's \u00a3840m stake for free, here on XtremeServers. Discover more great articles on our site. 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