Wednesday, July 6, 2022
HomeAcquisitionsSaudi Arabia's PIF buys 5% stake in Nintendo

Saudi Arabia’s PIF buys 5% stake in Nintendo

Saudi Arabia’s Public Investment Fund has taken a 5.01% stake in Nintendo.

The PIF said that it acquired this stake “for investment purposes,” Bloomberg reported.

The publication added that a spokesperson said that Nintendo learned about the investment from news reports and didn’t want to comment on individual shareholders.

Earlier in 2022, the Saudi Arabian fund also acquired a stake of more than 5% in Capcom and Nexon.

In April, it also acquired a 96% stake in King of Fighters developer SNK.

Back in 2021, the PIF invested over $3 billion of stock in Activision Blizzard, Electronic Arts, and Take-Two Interactive.

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