Investment is not a strange thing in the public capitalist world, but what is out of the norm is Saudi Arabia’s Public Investment Fund is yet again making gaming news and after almost owning SNK, now got 5% of Nintendo.
As per Nintendo filing on the Finance Ministry of Japan, The PIF is not one of the many of investment firms that made the purchase of almost 95$ by the Saudi Prince Mohammed Bin Salam, yet, he either way is leading the fund and bought the equivalent of 5% of stock of Nintendo via a cash transaction.
A calculation made by Bloomberg, makes the Saudi Prince practically the 5th large shareholder of Nintendo.
We should not expect to see any massive changes with the Japanese game developer and publisher. A spokesperson at Nintendo said that the company would not comment on their individual shareholders.
Meanwhile this is yet another investment in the gaming world by the Saudi Crown that already had a presence in the market not only at SNK but Capcom, EA, Take-Two and Activision since last year.