October 9, 2024

Saudi Arabia Lowers Stake in Nintendo, After Rumors Of It Increasing

Claudio Ctin1 mins
Saudi Arabia Lowers Stake in Nintendo, After Rumors Of It Increasing

It’s been confirmed that Saudi Arabia’s Public Investment Fund has lowered its stake in Nintendo, which is a huge contradiction to the reports that have recently been released suggesting that Saudi Arabia was going to raise their stake in the Japanese company. Saudi Arabia first took a stake in Nintendo in 2022, and has slowly increased it over time. The stake started at 5.01% of Nintendo and raised up to 8.58%. However, CNBC reported that the PIF’s stake in Nintendo has been lowered from 8.58% to 7.54%. The decrease in the stake is relatively small, and overall keeps Saudia Arabia […]

Read full article at https://wccftech.com/saudi-arabia-lowers-stake-in-nintendo-after-rumors-of-it-increasing/

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