Saudi Arabia Buys 5% Stake in Nintendo - News
by William D'Angelo , posted on 01 June 2022 / 2,423 Views
Saudi Arabia's Public Investment Fund has bought a 5.01% stake in Nintendo, according to a filing to Japan's Finance Ministry and reported by Bloomberg.
The Saudi fund is now the fifth largest shareholder in Nintendo, according to Bloomberg's data.
This is the third investment by Saudi Arabia's Public Investment Fund in a Japanese video game company. The other two companies are Capcom and Nexon, which the fund bought a more than 5% stake in.
The purchase of the Nintendo stake is for investment purposes, which is the same reason the fund previously gave for other investments.
A Nintendo spokesperson said they would not comment on individual shareholders and Nintendo learned about the Saudi fund investment from news reports.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Will Mario Kart women have to cover their faces? a joke but Saudi is a large shareholder!
captain??????
Many users in this site went outrageous with the likes of Capcom, EA, Activision and others when the prince got a stake in those companies.
Not with this one it seems.....
Haven't seem a single promise of boycott.
Boycotts don't do shit. Saudi Arabia's further acquisition of SNK proves just that.
So you are going to buy a lot of SNK games?
No, but the point stands.
But you are going to buy from Nintendo?
Yes, but there's nothing I can do about the 5% stake situation.
Boycotts do work, i just do not seeing anyone boycotting Nintendo!
There's no point in boycotting Nintendo because Saudi Arabia can easily just buy more shares into until they have enough to screw with our favorite Nintendo games. Here comes Peach in a burka with a black eye insisting that she fell down the stairs after she forgot to pray 5 times. Can't escape these scumbags, so why bother fighting it? It's pretty much the same as Chinese child labor making all our favorite toys.
i hear ya!
Then you agree that this is a hopeless situation like I said it was.
one person does not make a difference, yes i agree here.
The only other things I could think of for combating the situation are two ideas that sound good at first but might not work. 1. We as gamers buy more stock in Nintendo before Saudi Arabia does. 2. Trick Nintendo into releasing games that are so offensive to Saudis that they decide to sell their stake in Nintendo.
Personally I gave up.
Lmao this is so fucking sad.
The stock was bought by MBS of Saudi Arabia. MBS? You ask. Mother of Bullshit.
Prince Bonesaw, the murderous bastard.
Ah, just lovely.
Will there be any more Metroid games? I can't imagine that Nintendo's fifth largest shareholder approves of a game franchise with a strong female protagonist.
There's no way to stop their advance. -_-
Well when you have all the money and oil and you play ball with the west you get a pass on alot of things.
