Embracer Group, which acquired tabletop giant Asmodee, comics and media company Dark Horse Comics, and assets of video game company Square Enix in the past few months, is raising $1.05 billion via an issue of new B shares to Savvy Gaming Group, an arm of Saudi Arabia sovereign wealth fund Public Investment Fund, which invests funds on behalf of the government of Saudi Arabia. After the investment is complete, Savvy Gaming Group will own approximately 8.1% of the shares and 5.4% of the votes in Embracer. The price for the raise (converted to US$ from SEK as of the June 8 exchange rate) represents roughly a 15% premium over the share price on June 7.
Embracer announced that it was acquiring Asmodee for $3.11 billion and Dark Horse for an undisclosed price in December, and that the acquisitions had been completed in March 2022 (see "Embracer Completes Acquisition of Dark Horse, Asmodee"). The acquisition of some Square Enix assets for $300 million was announced in May (see "Embracer Acquires Square Enix Assets").
"Savvy Gaming Group’s investment of $1B enables us to continue executing our strategy proactively from a position of strength across the global gaming industry," Embracer Group CEO Lars Wingefors said of the new investment. "Our relationship with Savvy Gaming Group will enable us to set up a regional hub in Saudi Arabia, from which we will be able to make investments across the MENA region."
"This investment in Embracer Group is a starting point for a long-term commitment to the company," Savvy Gaming Group CEO Brian Ward said in a statement accompanying the announcement.

From Saudi Sovereign Wealth Fund
Posted by Milton Griepp on June 9, 2022 @ 3:12 am CT

MORE COMICS
From Marvel Comics
April 19, 2025
The legendary Marvel Swimsuit Special is back this July with your favorite heroes soaking up the sun in Marvel Swimsuit Special: Friends, Foes & Rivals #1.
From Oni
April 18, 2025
Oni Press is planning a summer comics event around Rick and Morty, with a core event series and three tie-in one-shots, to launch in July.
MORE NEWS
New Garden-building Game by Rebel Studio
April 18, 2025
Asmodee will release Pergola, a new garden-building game.
New Booster Set Based on the Comics Anthology
April 18, 2025
WizKids will release Strange Tales, a new booster set for Marvel HeroClix, which will hit retail.