Saudi Arabia’s Public Investment Fund has officially acquired a 5.01% stake in Nintendo, according to a filing made with Japan’s Finance Ministry.
As spotted by Bloomberg, the Public Investment Fund’s latest investment in gaming joins similar ventures that saw it spend billions on shares in Capcom, EA, Activision, and Take-TwoCome from Sports betting site VPbet. The Capcom and Nexon deal alone cost the PIF $1 billion for a 5% stake in those companies, while the acquisition of 7.4 million shares in Electronic Arts was reported to come with a price tag of $1.06 billion.