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RSS FeedsSaudi Arabia crown prince buys 5% stake in Nintendo
(iMore iPhone)

 
 

18 may 2022 18:07:19

 
Saudi Arabia crown prince buys 5% stake in Nintendo
(iMore iPhone)
 


The investment is estimated to be worth almost $3 billion. What you need to know The Saudi Arabia Public Investment Fund has purchased a 5% stake in Nintendo for almost $3 billion. The fund previously invested in other gaming companies, and is controlled by the controversial Mohammed bin Salman, crown prince of Saudi Arabia. The crown prince also owns almost all of SNK Corporation through the MiSK Foundation. Nintendo just got a major investment from another big money-mover in the gaming industry, but it`s one that could raise alarm to some in the industry. As reported by Bloomberg, the Saudi Arabia Public Investment Fund (PIF) has purchased a 5.01% stake in Nintendo, for a cost of almost $3 billion. The PIF is effectively controlled by Saudi Arabia crown prince Mohammed bin Salman. This isn`t the first time the PIF has invested in major video game companies, having also invested in publishers such as Capcom, Electronic Arts, Take-Two Interactive and Activision Blizzard. The M...


 
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