Bloomberg is reporting today that the Saudi Arabia’s Public Investment Fund (PIF) has bought a 5% stake in Nintendo. Nintendo hasn’t officially acknowledged the purchase by the PIF as it may not be something that the Kyoto-based company is bursting at the seams to announce. The Saudi Arabia Public Investment Fund was set up by Prince Mohammed bin Salman who is a controversial figure and was blamed by the C.I.A and others for the assassination of Washington Post journalist Jamal Khashoggi. The Saudi Arabia Public Investment Fund has so far purchased stakes in EA, Capcom, Activision-Blizzard and more.
“Saudi Arabia has been beefing up efforts to create its own content industry, and this series of investments in Japanese game companies is likely a way for them to learn from Japan.”
Thanks to MohammedKB for the news tip!
Does that make them the biggest stakeholders?
It’s only 5%…
Admittedly, I know next to nothing about stonks, but 5% is a very low number
LOL, not a lot…..LOL.
Top Shareholders In Nintendo
https://www.nintendo.co.jp/ir/en/stock/information/index.html
That 5% is almost 3 billion in shares and gives them a seat at the table.
Wonderful
Salman is also the one who has that gaming development subsidiary that owns over 96% of SNK right?
Either way I’m not happy about this.
Yup, I believe so :(
If there was ever a time I wanted Nintendo to be fiercely protective over their IP and go full Nippon on someone like Prince Mohammed, it would be now. Send all your little Nintendo ninjas after this guy as you would your own fans.
I’d be pretty f**king screwed up if a warlord of problems in the Middle East owned the entire gaming industry, mainly the most iconic names, from Mario, to Sonic, to Pokemon, to LOZ, Kirby, Mega Man, Street Fighter, SMASH, etc.
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