Saudi Arabia has officially purchased 5.01% of
The purchase was spotted by Bloomberg, which also noted this makes the country
According to an industry analyst cited by Bloomberg, it appears the PIF investment has been made so that Saudi Arabia can learn more about
Recently, Saudi Arabia used the PIF to invest in Capcom and Nexon. It expanded its stake in developer SNK to 96% in early 2022. The country is also a shareholder in Take-Two, EA, and Activision Blizzard – all major video game companies that have continued to report profits and advancements year-over-year.
Nintendo is a publicly traded company, and its shares can be freely purchased by anyone – although association with Saudi Prince Mohammed bin Salman is certainly not a good look for a company that prides itself on being wholesome, cosy and fun.
Salman, who has driven Saudi Arabia’s recent investments in global media, was recently alleged to have been involved in the murder of journalist Jamal Khashoggi, with US intelligence claiming the prince directly approved the plan to capture or kill Khashoggi after he criticised the policies of the government.
While Saudi Arabia has rejected this report, it’s just one of many human rights violations reportedly committed by the country in recent memory.
The purchase of