Saudi Arabia increases Nintendo stake to 6%

Saudi Arabia increases Nintendo stake to 6%

Saudi Arabia’s PIF already had a 5.01% stake in the platform holder, which was announced in May 2022 “for investment purposes,” and now stands at 6.07% precisely. That’s according to Reuters, based on a report from the country’s Public Investment Fund that was filed today with Japanese regulators. Last year, Saudi Arabia bought a $1 billion stake in Embracer…

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