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Saudi Arabia Now Owns A Bit More Stake In Nintendo
The Big N is having small parts of it being owned by the Kingdom.
A Reuters report states that the Saudi Arabia Public Investment Fund, chaired by crown prince Mohammed bin Salman, now has 6.07% stake in Nintendo, making the Kingdom one of the largest shareholders in the Japanese company. Previously, they owned 5.01%.
Nintendo has yet to comment on these latest share developments, as the company is unaware of this and even the past transaction.
For more on the latest Saudi Arabia buyout, check out our report on the WWE. We don’t normally cover wrestling, but we do cover the WWE video games and whichever company(ies) is funding them.
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