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Benzinga

Technology

Anusuya Lahiri

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

PIF Nintendo Saudi Arabia (Organization) NTDOY Mohammed bin Salman Video Game SoftBank Group Corp Wikimedia Commons

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

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