Remember when Nintendo last year, acknowledging not being aware that a company founded by the Saudi Arabia Prince acquired 5% of stake of the japanese veteran? Well, the prince pressed again on owning a little bit more of Nintendo.
As per Reuters, Saudi Arabia has increased its stake in Nintendo to more than 6.07% and thus making the Public Investment Fund one of the largest shareholders of Nintendo.
For the past few years, the Arabian prince Mohammed bin Salman has been interested in investing in many companies and industries, gaming being the most recent and aggressive.
It is known that the Saudi Arabia Kingdom has invested in Activision Blizzard, Electronic Arts, Take-Two, Capcom, Nexon and incredibly, last year bought 96% of SNK.
As of the writing of this, Nintendo has not pronounced or reacted on this news and what would be an alternative if they are not interested in the Saudi Kingdom gaining more stake.