Saudi Arabia's PIF acquires $1 billion stake in Embracer Group
The country has been making a play for the games industry throughout the last year.

The country has been making a play for the games industry throughout the last year.
The PIF previously acquired stakes in both Capcom and Nexon.
"With these funds, we've secured our long-term independence as a new category of game company," said CEO Harold Ryan.
The studio, led by game industry veterans, is developing an online strategy game titled Spellcraft.
Sony continues to show its support for Epic with its largest single investment into the company yet.
The funding will allow the studio to pursue its vision for an emotionally diverse games industry. Co-founder Jenova Chen talks to GameDaily about the priorities for the investment.
Postcard CEO Ray Almaden talks to GameDaily about his vision for the studio, and making the games he wants to play.
The new indie studio is led by James Phinney, designer on hits like StarCraft, both Guild Wars titles, and State of Decay.
Founder Scott Miller and president Terry Nagy talk to GameDaily about their priorities for the investment, and the long-term goals for the revived publisher.
The goal is to disrupt the mobile market by inventing new gaming genres, beginning with the "luck-puzzler."