GameSpot is a video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady and Jon Epstein. It was purchased by ZDNet, a brand which was later purchased by CNET Networks.
Saudi Arabia’s Public Investment Fund has disclosed its latest investments, and they include a number of big-name gaming companies.
The PIF spent $1.06 billion to acquire 7.4 million shares in Electronic Arts, along with 14 million shares of Activision Blizzard, at a price of $1.4 billion. The fund also increased its stake in Rockstar Games parent company Take-Two Interactive to round out its gaming investments.
As analyst Matthew Kanterman reported on Twitter, with these new investments, the PIF now holds about 2% of Activision Blizzard shares, 2.6% of EA, and 3.5% of Take-Two.