Saudi Arabia’s Public Investment Fund (PIF) previously purchased a 5.01% stake in Nintendo. This PIF has also invested in other gaming companies, such as Koei Tecmo and Capcom. That was bumped up once more in January, when the PIF snagged a 6.07% stake in Nintendo. Today, that number has risen yet again.
As of right now, Saudi Arabia’s Public Investment Fund (PIF) now holds a 7.08% stake in Nintendo. This continues the PIF’s push to expand into Japanese gaming and obtain a bigger foothold. As far as Nintendo’s day to day operations go, this doesn’t impact Nintendo’s path forward in any way.