Saudi Arabia wants to get into the digital content industry and until that happens is investing heavily in video game companies. Thus, we learn today that the Saudi Arabia Public Investment Fund went to nintendo with a participation of 5.01%. According to Bloomberg it makes Saudi Arabia Public Investment Fund, the fifth shareholder of Nintendo. Earlier in the year, the same Fund had invested in two other Japanese gaming companies: Capcom and Nexon (provider of online games.) For several months, video game companies have been the subject of speculation and major acquisitions are turning the market upside down. Thereby, SONY absorbed BUNGIE, the studio behind HALO and destiny while Microsoft has, for example, offered Bethesda Softworks for $7.5 billion and the group Activision Blizzard King for the modest sum of $68.7 billion– a takeover which moreover concerned the Saudi Fund which, again according to Bloomberg had invested nearly 37.9 million in Activision sharesat a loss…
Note that Nintendo did not want to comment on the Saudi investment, contenting itself with specifying that the company had been informed of the arrival of this new individual shareholder by reports.
.
The post Saudi Arabian Public Investment Fund Becomes Nintendo’s Fifth Shareholder – Nintendo appeared first on Gamingsym.