Saudi Arabia Consolidates Gaming Holdings Ahead of Major Take-Two Release

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Saudi Arabia’s sovereign wealth fund has moved its multi-billion dollar stake in Take-Two Interactive to a dedicated gaming subsidiary. This strategic reshuffle comes at a pivotal moment, with the publisher’s most significant project in history, Grand Theft Auto VI, scheduled for release in a matter of months.

A regulatory filing dated February 17 reveals that Saudi Arabia’s Public Investment Fund (PIF) has transferred its holding of approximately 11 million shares in Take-Two Interactive to the Savvy Games Group. Valued at nearly $3 billion, this position had established the fund as the second-largest shareholder in the company behind the Grand Theft Auto franchise.