Nintendo has a new big investor as Saudi Arabia’s Public Investment Fund has purchased a 5.01% stake in Nintendo Co. This will make the Public Investment Fund the company’s fifth-largest shareholder according to Bloomberg, and was done for investment purposes. The Fund previously purchased stakes in both Capcom and Nexon at over 5% with a combined value of over 1 Billion dollars. In 2021 The Fund acquired a 1.3 Billion USD stake in Activision Blizzard and a 1 Billion USD stake in EA for 3.5% and 2.6% stakes in those companies respectively, in addition to a 3.5% stake in Take-Two for 3.5% of the company.
A Nintendo spokesman stated that Nintendo had heard about the investment from news reports, and would not comment on the activities of individual shareholders.