Saudi Arabia Buys Moonton for $6B, Expands Gaming Empire

Deal Overview

I saw that Saudi Arabia spent 6 billion dollars to buy Moonton Games recently. You should understand that Savvy Games is the group using this big money. The deal represent one of the biggest moves they ever made in the whole industry.

Moonton’s Portfolio

I know Moonton works in Shanghai and they made Mobile Legends which has a billion downloads. You can play their game Acecraft if you want a shooter that looks like a cartoon. Every one of those players seem to like how the games feel on a phone.

Strategic Perspective

The boss at Savvy say this purchase helps them lead the world in mobile apps. I believe they want to own the way people watch esports tournaments. You will see them use these games to reach fans in every single country.

Past Investments

Savvy paid 5 billion for Scopely and they bought Niantic for 3.5 billion too. I watched them take pieces of Capcom and Take-Two because they want control. You can easily finds out that they are buying every big studio they can.

Future Outlook

They plan to spend 50 billion dollars to buy Electronic Arts by the year 2026. I think the kingdom is trading oil cash for video games to stay powerful. You should watch how the money move into these new projects.

Criticism & Concerns

Some people worry about one group owning too many of the games you play. I hear many critic says the politics behind all this money is bad. You must decide if the fun is worth the trouble that comes with this growth.