Saudi sovereign fund raises stake in Nintendo

Saudi sovereign fund raises stake in Nintendo

Different models of the Nintendo Switch are seen on display in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

Saudi Arabia’s Public Investment Fund raised its stake in Nintendo Co to 8.26% from 7.08%, a regulatory filing showed on Friday, the second stake increase disclosure this week following one on Wednesday.

The sovereign wealth fund has been expanding its investments in the Japanese gaming giant as well as Sweden’s Embracer and China’s VSPO backed by Tencent Holdings Ltd.


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