Bloomberg reports today that Saudi Arabia’s public investment fund, the Public Investment Fund, has once again reduced its stake in Nintendo. This time the share was reduced to 6.3% from 7.5%. This comes after the Public Investment Fund sold more than 17 million shares in the six weeks to October. Nintendo shares fell about 4% in Tokyo after the news as investors reacted. Saudi Arabia is widely known to be buying stakes in Japanese and Korean gaming companies in a $38 billion bid to become a video game hub in the Middle East.
