A new report revealed that Saudi Arabia Public Investment Fund or PIF has now invested a lot of money on Nintendo recently, owning a large number of shares.
According to media outlet Bloomberg, controversial Saudi Arabian royalty Prince Mohammed bin Salman’s PIF just purchased five percent of game company Nintendo. This has now made it the fifth-largest shareholder among the few big ones that have shares of the game company.
Nintendo has recently responded to the new report and stated they learned of the new stake from news reports. It has now declined to say any more comments about the topic.
Just in a few years, the PIF has been purchasing many shares in other game companies like CAPCOM, Take-Two, Activision Blizzard, and many more. Just recently, it has taken a stake at SNK.