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Saudi Arabia launches gaming, e-sports group Savvy – Metro US

Saudi Arabia launches gaming, e-sports group Savvy

FILE PHOTO: Governor of the Saudi Public Investment Fund, Yasir
FILE PHOTO: Governor of the Saudi Public Investment Fund, Yasir Othman Al-Rumayyan speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia

DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund on Wednesday said it had launched a gaming and e-sports group, Savvy Gaming, days after Swedish firm MTG announced it was selling ESL Gaming to it.

MTG on Monday said it had agreed sell ESL Gaming to Savvy Gaming Group for an enterprise value of $1.05 billion.

Savvy Gaming “aims to become the leading gaming and e-sports group domestically and internationally”, the Saudi fund said.

(Reporting by Alexander Cornwell; editing by Jason Neely)

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