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BANG Showbiz English
BANG Showbiz English
Saudi Arabia’s Public Investment Fund has acquired a five percent stake in Nintendo. In recent years, the Public Investment Fund has spent billions acquiring stakes in various video game companies, including Capcom, EA, Activision, and Take-Two. And now, in a filing made with Japan’s Finance Ministry, it’s been confirmed that the investment vehicle for the Saudi state has bought a 5.01 percent in Nintendo. The move means that the Public Investment Fund is now the fifth-largest shareholder of Nintendo, according to Bloomberg. The overarching ambition behind the fund is to ensure that the Saudi …