In the previous news, we talked about the sudden increase in the Saudi Public Investment Fund's stake in Nintendo in the earnings report, which was initially only 5.01% of the company's stake, and in January we also witnessed an increase as the percentage reached 6.07%, and in fact it increased during this week to 7.08. %.. Today, the Saudi Investment Fund is the largest foreign investor.
Nintendo’s largest outside investor now owns a stake worth 8.26%. The increase was specifically revealed this morning, but Nintendo initially claimed that when the Saudi Investment Fund acquired its initial stake in the company, the company was unaware of the deal and was first introduced to it, Saudi Investment News reports.
According to Axios, Saudi Arabia’s investment in EA saw a similar increase, from a total of 5.1% to 5.8%, and Saudi Arabia’s stake in publisher Take-Two increased from a total of 5.3% to 6.8%. Prince announced that the Public Investment Fund would launch a new strategy for Savvy Group. Gaming Group, which will include a $13.3 billion acquisition of a “leading games publisher.”
It seems that investment in the video game industry has benefited the Kingdom greatly, which explains why it has been investing heavily in the industry in recent years. This is evident in the Kingdom’s contributions even in the field of esports and in hosting major global events and tournaments, on which the state has spent billions of dollars.
