Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports
05/10/2024 07:19
TOKYO, Oct 5 (Reuters) - Saudi Arabia's Public
Investment Fund (PIF) is considering raising its stakes in
Nintendo 7974.T and other Japanese gaming companies, Kyodo
News reported on Saturday.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of
the sovereign wealth fund's gaming unit, disclosed the plan in
an interview with Kyodo.
He told the Japanese news agency that PIF is not in a rush
to increase its stakes, and that investments would be made in a
friendly way. The Kyodo report did not specify what he meant by
"friendly".
PIF currently owns 8.58% of Nintendo and has stakes in video
game companies Nexon 3659.T , Capcom 9697.T , and Koei Tecmo
3635.T , Kyodo said.
(Reporting by Makiko Yamazaki; Editing by Sonali Paul)
((Makiko.Yamazaki@thomsonreuters.com;))