PIF becomes the fifth-largest shareholder
According to Bloomberg, Saudi Arabia’s Public Investment Fund (PIF) has acquired 5.01% of Nintendo, which would put it as the fifth-largest shareholder of Nintendo.
If you’ve been following the latest news in the industry, this might not come off as too shocking, as the PIF has been investing its money in multiple gaming companies now such as Capcom, EA, Take-Two Interactive Software, Nexon, and more. So one would wonder if Nintendo is going to be their next target or not, well, we have an answer now.
Nintendo has not commented on this matter, but this should not change anything in how Nintendo operates or behaves.