Over the past few years, Saudi Arabia’s Public Investment Fund has invested a lot of money in the video game industry, buying shares in companies like Blizzard, Take-Two, nintendo and more. Now, It has been revealed that this organization plans to increase its positioning in the Big N.
Currently, the Public Investment Fund of Saudi Arabia has 8.58% of Nintendo shares, a fairly large figure and one that has been growing over time. Now, Faisal bin Bandar bin Sultan Al-Saud, vice president of this organization, has confirmed that They plan to increase their participation in the Big N, something that makes sense considering that every year they invest more and more money.
Although these new plans have not been finalized at the moment, Faisal bin Bandar bin Sultan Al-Saud has made it clear that they are doing everything possible to reach a positive agreement with Nintendo. In this way, It wouldn’t be a surprise to hear that Saudi Arabia’s Public Investment Fund has a 10% stake.or more, from the Japanese company in the near future.
Although many have pointed out that this may be negative, pointing out that the Public Investment Fund of Saudi Arabia would have some say in the way Nintendo works, something that is not true, The reality is that these types of investments have a monetary focus. By investing in the video game industry, this organization hopes to make a huge return. On related topics, for this reason Nintendo is not participating in the console war. Similarly, Nintendo goes against emulation channels on YouTube.
Author’s Note:
Everything seems to indicate that the Public Investment Fund of Saudi Arabia only has money in mind, and as long as Nintendo continues to register large profits through medium-sized projects, then investors in this country will be more than happy with the way in which the company Japanese works.
Via: Kyodo News
#Saudi #Arabia #invest #Nintendo #Atomix