Saudi sovereign wealth fund sells entire stake in Take-Two Interactive
Saudi Arabia's Public Investment Fund has dissolved its stake in the Grand Theft Auto publisher. This follows the fund's recent acquisition of rival firm EA.
Insights:
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has dissolved its roughly 11 million-share stake in Take-Two Interactive Software, Inc. , according to a regulatory filing. The completed divestment removes the fund as the company's second-largest shareholder at a pivotal moment for the publisher. The action comes as the industry prepares for the highly anticipated launch of Grand Theft Auto VI.
