Saudi Arabia’s Private Investment Fund (PIF), a government-run sovereign wealth fund, has reportedly acquired a 5.01% stake in multi-national gaming company, Nintendo.
According to a filing at Japan’s Finance Ministry, the fund, worth $500 billion, bought the stake for investment purposes, and is the reason given for other investments.
Nintendo marks the third Japanese games company to be invested in by the PIF, with Capcom Co., the developer of the Street Fighter and Resident Evil Seri...