The Saudi Arabian Public Investment Fund bought 5.01% of Nintendo. With the acquisition, Saudi Arabia became Nintendo’s fifth largest shareholder.
The Saudi Arabian Public Investment Fund, which is the world’s largest investment fund and headed by the crown prince of Saudi Arabia, Mohammed bin Salman, made a purchase today that closely concerns the gaming world. Fund, one of the giant names of the game world Nintendo’s 5.01% share he bought.
With the acquisition shared by the Japanese Ministry of Finance, the Public Investment Fund has become the company’s fifth largest shareholder. According to the details shared by Bloomberg, the purchase was made by the Fund ‘for investment purposes‘ was carried out. The statement shared by Nintendo included a strange detail.
Nintendo learned of the acquisition from the news
According to information Bloomberg receives from a Nintendo spokesperson, the company has purchased 5% of the Saudi Arabian fund. learned through the news. The company shared that it would not comment on the matter to shareholders. On the other hand, with the new investment of Saudi Arabia, its presence in the gaming world has also increased.
Saudi Arabian Public Investment Fund, which Microsoft has now agreed to acquire on Activision Blizzard also a large shareholder. However, the fund EA and at Take-Two also have their share. Fund only this year Nexon and to Capcom also made investments.
In the meantime, you can check out our Nintendo Switch OLED review right below
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Source :
https://www.videogameschronicle.com/news/saudi-arabia-has-bought-a-5-stake-in-nintendo/