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

May 18, 2022 12:46 PM | 1 min read |

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd 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 NEXOY, Capcom Co Ltd CCOEY, and Tecmo Koei Holdings Co Ltd TKHCF.
PIF, chaired by Crown Prince Mohammed bin Salman, is an anchor investor in Softbank Group Corp SFTBY SFTBF $100 billion Vision Fund.
PIF also procured a stake in Activision Blizzard, Inc 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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