CORRECTED-UPDATE 1-Saudi's Public Investment Fund transfers stake in Take-Two Interactive

Electronic Arts Inc. +0.02%
Take-Two Interactive Software, Inc. -0.20%

Electronic Arts Inc.

EA

203.29

+0.02%

Take-Two Interactive Software, Inc.

TTWO

213.72

-0.20%

Corrects story and headline to clarify that PIF has transferred the stake to a subsidiary, and not dissolved it, and removes reference to Saudi's gaming push

Feb 17 (Reuters) - Saudi Arabia's Public Investment Fund has transferred its stake in Take-Two Interactive TTWO.O to a subsidiary, a regulatory filing showed on Tuesday, ahead of the videogame publisher's highly anticipated launch of "Grand Theft Auto VI."

The PIF, Saudi Arabia's sovereign wealth fund, was Take-Two's second-largest shareholder with around 11 million shares worth just under $3 billion, according to data from LSEG. The position is now held by Savvy Games Group.

Last year, the PIF and others agreed to acquire Take-Two rival Electronic Arts EA.O in a $55 billion deal as part of its gaming bet.


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