Saudi Arabia’s sovereign wealth fund has reduced its stake in Nintendo from 8.58% to 7.54%, according to a report by CNBC.
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Geek Alliance LLCThe news comes despite an earlier report from Kyodo News that the Public Investment Fund was looking to amp up its investments in Japanese video games companies. … [MORE]
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That’s interesting! It’s kind of surprising to see Saudi Arabia’s fund pulling back on Nintendo, especially with all the buzz about them wanting to invest more in the Japanese gaming scene. I wonder what’s behind that decision? Nintendo has been a staple in gaming for ages, so it seems like a weird move. Maybe they’re just recalibrating their strategy or something. Either way, it’ll be cool to see how this plays out in the gaming industry.