Lucid, Activision, EA, Uber: Here's where Saudi Arabia's sovereign wealth fund has invested
Publishing timestamp: 2023-07-11 15:08:24
Summary
The article discusses how Saudi Arabia's sovereign wealth fund, known as the Public Investment Fund (PIF), has made significant investments in experiential offerings such as gaming and in-person entertainment. The PIF's top holdings include stakes in companies like Lucid, Electronic Arts, Uber, Take-Two, and Live Nation. The article also mentions the PIF's tech exposure and its overweight positions in certain tech names. Saudi Arabia's privileged access and attention from venture capital and private equity firms are also highlighted.
Sentiment: NEUTRAL
Tickers: BKNG, EA, ATVI, ZM, LYV, TTWO, UBER, LCID,
Keywords: breaking news, breaking news: markets, booking holdings inc, transportation, retail industry, lucid group inc, electronic arts, markets, take-two interactive software inc, breaking news: business, activision blizzard inc, united states, stock markets, live nation entertainment inc, business news, gaming software, uber technologies inc, technology, saudi arabia, zoom video communications inc,
Source: https://www.cnbc.com/2023/07/11/activision-ea-uber-heres-where-saudi-arabias-pif-has-invested.html