The Saudi Public Investment Fund has bought a 5% stake in the famous Japanese video game company “Nintendo”, developer of the game “Super Mario”.
The purchase comes after the Public Investment Fund increased its investments in video game companies over the past two years, which had previously invested in Activision Blizzard, which Microsoft bought for approximately $ 69 billion, and the fund was owns 37.9 million shares, representing 5% of the shares The company that makes the game “Call of Duty”.
Last February, the fund revealed stakes of more than 5% on two $ 1 billion-plus Japanese-listed game companies, the first being “Capcom,” which produces “Street Fighter” and “Resident” game series. Evil ”, and the second is the company“ Nixon ”, which makes two games: Maple Story and Dungeon and Fight.
It is noteworthy that Nintendo, interested in developing video games and their hardware, was founded by Fusaguri Yamauchi in 1889, and produced Hanafuda handcrafted playing cards, and aims to sell 27 million Switches this year.
origin: economic
Source: Arabic RT
