The PIF is controlled by Saudi Arabia’s controversial crown prince and effective ruler, Mohammed bin Salman.
Country’s investment fund buys 5% stake for nearly $3B Saudi Arabia now owns 5.01% of Nintendo, making it the Kyoto company’s fifth-largest shareholder, according to a Bloomberg report.
The Financial Times calculates the Saudi investment to be worth $2.98 billion.
A Nintendo spokesperson told Bloomberg that it had learned about the investment from news reports and would not comment further.
→ Full news story
You must be logged in to post a comment.
Want to submit Games content?
Animefice covers the latest Anime news.
Gamefice covers the latest Game news.
Screenfice covers the latest Film & TV news.
The Artifice is a long-form writing platform that covers a wide spectrum of art forms.