This week, Saudi Arabia’s Public Investment Fund (PIF) bought five percent of Nintendo. By Bloomberg’s estimates, this makes it Nintendo’s fifth-largest shareholder. Nintendo said it only learned.
In context: Nintendo has become the latest gaming company to attract investment from the government of Saudi Arabia. While this may alarm some after the country’s near-total acquisition of SNK, this is only one of Saudi Arabia’s several other gaming-related investments. This week, Saudi Arabia’s Public Investment Fund (PIF) bought five percent of Nintendo.
