The Saudi Public Investment Fund announced the purchase of a 5% stake in the Japanese company (Nintendo) for video games.
According to Arabiya Net, the kingdom's sovereign wealth fund has increased its investments in video game companies over the past two years, having previously invested in Activision, which sought Microsoft To acquire it in a historic deal of nearly $69 billion.
The fund owns 37.9 million shares in Activision, the producer of the Call of Duty game, according to the latest disclosure last September, equivalent to approximately 5% of the company's shares.
The Public Investment Fund last February also disclosed stakes of more than 5% in two Japanese-listed game companies, Capcom, the company behind the Street Fighter series and Resident Evil. and online games provider Nexon, which is behind MapleStory and Dungeon & Fighter, with more than $1 billion in deals.
Nintendo develops video games and consoles. It was founded in 1889 by craftsman Fusajiro Yamauchi, and originally produced handmade hanafuda playing cards.
