Saudi Arabia’s Public Investment Fund (PIF) has increased its ownership of Nintendo by purchasing a six per cent stake in the gaming behemoth.
According to an official filing, the Saudi wealth fund has upped its stake by more than one per cent, jumping from a 5.01 per cent stake to 6.07 per cent. The Mario maker has a market capitalisation of around $47.83bn, making PIF’s share worth approximately $2.9bn.
In addition to its slice of Nintendo, the PIF has also got stakes in gaming giants Nexon, Koei Teemo and Capcom, the makers of the Resident Evil and Streetfighter franchises.
