It turns out that a report that Saudi Arabia’s Public Investment Fund were looking to increase their stake in Nintendo were incorrect as it has emerged today that instead of an increase they have decreased their stake in Nintendo. The Saudi Arabia Public Investment Fund has reduced its stakehold in the Kyoto-based company from 8.58% to 7.54% and Nintendo stock has risen as a result. The details have come through from news organisation CNBC and is based on a Japanese regulatory filing. Prince Faisal said that they were considering possibly increasing their stake in Nintendo when interviewed at The Tokyo Game Show, but that obviously hasn’t happened for whatever reason.
Saudi wealth fund decreases stake in Nintendo
Good. Leave Nintendo and other Video Game companies alone.
People might hate on Nintendo for many reasons (some completely dumb), but they are one of the very few going against the current.
Thank god
Good. It’s best to leave Nintendo and other gaming companies out of it.
Good. Gaming companies need to be controlled internally and not by external board members.
Thank god because I dont want anyone to acquire Nintendo, the video game industry NEEDS Nintendo to be what it is.
Reality check: an 8.58% stake was nowhere near a controlling interest, even before they reduced it. The Saudi sovereign wealth fund is just moving some money around to maximize their returns, as mutual funds do all the time.
Will you give them the benefit of the doubt knowing how things roll in this industry? It always starts like that, with a small stake until, little by little, increasing it.
Keep these “funds” away from gaming.