News broke today that Saudi Arabia’s Public Investment Fund has increased its stake in Nintendo and now owns 7.08% of the Kyoto-based company. Saudi Arabia’s Public Investment Fund previously held a 5.01% stake in the company in May 2022, then increased that stake last month to claim a 6.07% stake. Today’s share brings that total to 7.08%. Saudi Arabia’s public investment fund has been rapidly investing in video game companies with its subsidiary Savvy Games Group buying stakes in Embracer Group and Capcom, among others.
