Saudi PIF acquires 5% stake in Japan’s Nintendo: Report

18/05/2022 Argaam

Logo of Nintendo and Public Investment Fund 

Saudi Arabia’s Public Investment Fund (PIF) acquired a 5.01% stake in Nintendo Co. as it increases exposure to the Japanese video gaming industry, Bloomberg reported, citing the Kyoto-based group company’s filing to Japan’s Finance Ministry.

 

The filing shows the purchase was made for investment purposes.

 

The stake acquisition makes PIF Nintendo’s fifth-largest shareholder the report noted.

 

For More Mergers and Acquisitions

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