Write what you are looking for and press enter to begin your search!
Saudi Arabia Owns 5% Of Nintendo
Saudi Arabia’s Public Investment Fund, which is the country’s bottomless pit of money used to diversify into sectors beyond oil, has a new acquisition in place: a small chunk of the Big N.
Saudi Arabia now has 5.01% stake in Nintendo according to a Bloomberg report that detailed a recent Japanese Finance Ministry filing. Other companies with some of its stake and shares owned by Saudi Arabia include EA, Capcom, Take-Two, Activision, and SNK. This makes the fund company the fifth-largest shareholder. The fund is run by Saudi Crown Prince Mohammed bin Salman.
As to why this is controversial to many, one can argue that the PIF is just a way to whitewash the Saudi Arabian government’s human rights violation records. There’s also the fact that the country was involved with the murder of journalist Jamal Khashoggi and the backing of the ongoing Yemeni genocide.
Bandai Namco has confirmed that its Jump Force DLC roster 1 will include some fan favourites from Bleach, Naruto, and My Hero Academia. But first up:...
Bungie is suing a toxic Destiny 2 player in a lawsuit that accuses him of not only violating the game's license agreement, but also threatening staff ...
Relic Entertainment recently unveiled the first-ever glimpse at the gameplay in Age Of Empires 4 last week during the X019 London Inside Xbox live str...
">
[Rumour] WWE Has Been Purchased By Saudi Arabia’s Public Investment Fund
January 11, 2023 at 2:43 pm
[…] isn’t anything new. There have been many instances of that over the past few years, including investing in Nintendo, Capcom and Nexon, as well as Activision Blizzard, EA, Take-Two and even […]