Last Updated on March 9, 2020
Scandal-plagued Hungarian hedge fund billionaire George Soros invested some $45 million into game company Activision Blizzard, which is also scandal-plagued despite being the biggest game publisher in the United States.
Activision Blizzard has a market cap of $48 billion, which according to Reclaim The Net makes makes it the most powerful games company in either the U.S. or Europe.
Soros is infamous for supporting far-left causes and running campaigns to move the Overton window to the left, making his decision to invest heavily in the biggest company in the fastest-growing, most influential industry in the world all the more interesting.
Via Reclaim The Net:
George Soros is said to have clear intentions to continue investing in companies that support his socially left-leaning ideas, as could be reflected in his recent move to acquire 758,000 shares of Activision Blizzard for a sum of $45 million.
Soros’ investments have proven correct more times than they’ve been proven wrong and in recent campaigns he’s called cryptocurrency a “bubble” and suggested that Facebook and Google need to brought under government control and regulated.
Activision Blizzard has weathered a successive series of political controversies over the past year, ranging from the alleged repeated censorship of players on behalf of the Chinese government to claiming a -51% tax rate and $228 million taxpayer-funded corporate rebate in 2019.
Activision has also come under fire for the overuse of microtransactions and “pay-to-win” content in the Call of Duty franchise, and desecrating the first-person shooter genre with the game Overwatch.