Saudi Public Fund Takes 5% Stake in Nintendo

Saudi Arabia’s Public Investment Fund has bet more deeply on video games by buying a 5% stake, worth about $3 billion, in Japan Nintendo

In a Japanese regulatory filing, PIF said it held just over 5% of Nintendo’s stock as of March 31. It said the stake was purely an investment, indicating it had no intention attempt to influence the company’s strategy. Saudi Public Fund Takes 5% Stake in Nintendo

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