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Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Benzinga Real-time News · May 18, 2022 12:48

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports.
PIF has also launched its own video game and e-sports company, Savvy Gaming.
Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance
PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co Ltd (OTC: CCOEY), and Tecmo Koei Holdings Co Ltd (OTC:TKHCF).
PIF, chaired by Crown Prince Mohammed bin Salman, is an anchor investor in Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) $100 billion Vision Fund.
PIF also procured a stake in Activision Blizzard, Inc (NASDAQ: ATVI).
Price Action: NTDOY shares traded higher by 3.71% at $57.62 on the last check Wednesday.
photo via Wikimedia Commons

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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