Turns out yes report that Saudi Arabia’s Public Investment Fund wanted to increase its stake in Nintendo are incorrect as it emerged today that instead of increasing their stake in Nintendo, they have reduced their stake in Nintendo. Saudi Arabia’s public investment fund cut its stake in the Kyoto-based company from 8.58% to 7.54%, and Nintendo shares rose as a result. The details came from the news outlet CNBC and are based on a Japanese regulatory filing. Prince Faisal said they were considering possibly increasing their stake in Nintendo when he was interviewed at The Tokyo Game Show, but that apparently didn’t happen for whatever reason.
