Bloomberg is reporting today that Saudi Arabia’s sovereign wealth fund the Public Investment Fund has once again reduced its stake in Nintendo. This time the stake had been reduced to 6.3% from 7.5%. This follows the Public Investment Fund selling more than 17 million shares over a six-week period to October. Nintendo shares fell around 4% in Tokyo following the news as investors reacted. It’s common knowledge that Saudi Arabia has been purchasing stakes in Japanese and Korean gaming companies in a $38 billion push to become a video games hub in the Middle East.
Saudi Arabia’s Public Investment Fund once again reduces stake in Nintendo
Good, get rid of these people from trying to take over the company.
Sir, a second Arwing has just hit the tower
They are pulling out because there is no switch 2 report being given and no release date. Trying to pressure the board to get them make an announcement or at least announce a date. Just wait until the Saudi fund invests a larger amount than their withdrawal…. first you know insider trading first hand and second two to 3 weeks after we will have a direct discussing the switch successor…. around February
I am so worried that Saudi Arabia, or someone else with extreme wealth, is going to attempt an aggressive takeover of Nintendo.
Little chance of this happening, the majority shareholder is Nintendo itself and the others are public organizations for the most part and knowing that Japan is very protectionist, they will never let a foreign country take over a century-old company.
They run out of money for their fantasy shariah law paradise futuristic city.
Need 3 trillion to make muslem paradise city.
WTS nintendian shares