Saudi Arabia Ultimately Lowers Stake In Nintendo

As a seasoned gamer with decades under my belt, I must say the gaming world can be as unpredictable as the wild west itself! Just when we thought Saudi Arabia was about to increase its stake in Nintendo, it turns out they’ve actually reduced it instead. If only Wall Street had a “reset” button like in our favorite games!

It seems that Saudi Arabia decided against expanding its ownership in Nintendo. On the contrary, they have lessened their share in the company, doing so through their subsidiary, Savvy Games Group.

Yesterday, according to Kyodo News, it seemed like Saudi Arabia’s Public Investment Fund (PIF) might be considering boosting its stake in Nintendo. However, they later corrected their story, revealing that they were actually examining all Japanese gaming companies, not just Nintendo. Now, within the span of 24 hours, CNBC has published a report suggesting exactly the opposite.

READ MORE: Nintendo Shuts Down Another Popular Switch Emulator

As reported by CNBC, the Public Investment Fund (PIF) of Saudi Arabia has lowered its ownership in Nintendo from 8.58% to 7.54%. This information comes from a regulatory filing submitted in Japan on Tuesday.

As one of its major stockholders, it currently holds approximately 7.54%. This percentage is larger than the initial 5.01%, which it acquired when it initially invested in Nintendo back in 2022.

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