Saudi Arabia's wealth fund PIF takes 5% stake in Nintendo

REUTERS/Issei Kato

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo as the sovereign wealth fund increases its exposure to the Japanese video gaming industry.

The investment in the Kyoto-based group company was made for investment purposes, a filing said, and comes as PIF has also taken stakes in video game companies Nexon, Capcom and Koei Tecmo.

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