He is still the most important shareholder.
Saudi Arabia reduced its share in Nintendowhich holds State Investment Fund (PIF)respectively state-owned companies Smart games group. From the previous 8.58% it fell to 7.54%, CNBC reports. This comes only shortly after signs emerged that the Saudis might instead invest more in Nintendo.
“It’s always an option,” said Prince Faisal bin Bandar bin Sultan Al Saud, vice chairman of Savvy Games, regarding further investments in Japanese companies, which of course include Nintendo. Following his announcement, the share price jumped more than 5%.
“It is important to maintain communication so that [podílu] received accordingly. We don’t want to rush anything,” the vice chairman added, despite Saudi Arabia initially acquiring an initial five percent stake without Nintendo’s knowledge.
Despite the share sale, Savvy Games remains the company’s largest shareholder after Nintendo itself. The Saudis are even more involved in Electronic artwhere they own 9.4%, completely bought out the mobile publisher. Applications and fighting game developers SNK. He also owns 6.6% Capcom or 6.5% Take-Two Interactive. At the same time, they are far from running out of money.
Source : Zing
