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Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Anusuya Lahiri
·1 分鐘文章

  • Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC: NTDOY), Reuters reports.

  • PIF has also launched its own video game and e-sports company, Savvy Gaming.

  • Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance

  • PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co Ltd (OTC: CCOEY), and Tecmo Koei Holdings Co Ltd (OTC: TKHCF).

  • PIF, chaired by Crown Prince Mohammed bin Salman, is an anchor investor in Softbank Group Corp (OTC: SFTBY) (OTC: SFTBF) $100 billion Vision Fund.

  • PIF also procured a stake in Activision Blizzard, Inc (NASDAQ: ATVI).

  • Price Action: NTDOY shares traded higher by 3.71% at $57.62 on the last check Wednesday.

  • photo via Wikimedia Commons

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