by
William D’Angelo
, posted 20 hours ago / 1,413 Views
Saudi Arabia’s Public Investment Fund (PIF) is running low on cash for new investments, according to a report from The New York Times.
The PIF has several projects that are in financial trouble. This includes a ski resort, cruise line, a coffee chain, and an electric vehicle start-up that hasn’t delivered a car yet.
The New York Times sources say the PIF is restructuring its operations and the prince has fired the head of at least one of its projects. It is also reportedly looking to invest more in areas like publicly traded stocks.
The PIF, along with over investment firms, acquired Electronic Arts for $55 billion in September and plans to take the gaming publisher private. The deal is expected to close in the first quarter of 2027 and needs approval by regulators and EA stockholders.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can follow the author on Bluesky.
More Articles
by
William D’Angelo
, posted 20 hours ago / 1,413 Views
Saudi Arabia’s Public Investment Fund (PIF) is running low on cash for new investments, according to a report from The New York Times.
The PIF has several projects that are in financial trouble. This includes a ski resort, cruise line, a coffee chain, and an electric vehicle start-up that hasn’t delivered a car yet.
The New York Times sources say the PIF is restructuring its operations and the prince has fired the head of at least one of its projects. It is also reportedly looking to invest more in areas like publicly traded stocks.
The PIF, along with over investment firms, acquired Electronic Arts for $55 billion in September and plans to take the gaming publisher private. The deal is expected to close in the first quarter of 2027 and needs approval by regulators and EA stockholders.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can follow the author on Bluesky.
