Bloomberg It was reported today that Saudi Arabia’s Public Investment Fund (PIF) has bought a 5% stake in Nintendo. Nintendo has yet to officially acknowledge the PIF acquisition, as it may not be something the Kyoto-based company is eager to announce.Saudi Arabia’s Public Investment Fund set up by controversial Prince Mohammed bin Salman and accused by the CIA and others Assassination of Washington Post reporter Jamal Khashoggi. So far, the Saudi Arabian Public Investment Fund has bought stakes in EA, Capcom, Activision-Blizzard and more.
“Saudi Arabia has been ramping up efforts to build its own content industry, and this series of investments in Japanese game companies may well be a way for them to learn from Japan.”
thanks Muhammad KB News Alert!