Saudi wealth fund decreases stake in Nintendo
· My Nintendo NewsIt turns out that a report that Saudi Arabia’s Public Investment Fund were looking to increase their stake in Nintendo were incorrect as it has emerged today that instead of an increase they have decreased their stake in Nintendo. The Saudi Arabia Public Investment Fund has reduced its stakehold in the Kyoto-based company from 8.58% to 7.54% and Nintendo stock has risen as a result. The details have come through from news organisation CNBC and is based on a Japanese regulatory filing. Prince Faisal said that they were considering possibly increasing their stake in Nintendo when interviewed at The Tokyo Game Show, but that obviously hasn’t happened for whatever reason.