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Saudi Arabia becomes the fifth largest shareholder of Nintendo.
So far this year we are used to large multi-million dollar purchases of video game companies, such as the purchase of Activision Blizzard by Microsoft, Bungie by Playstation or the Western studios and licenses of Square Enix by Embracer Group. The one that today is not occupies is something different, it is a purchase of shares by a state and not from a private company: Saudi Arabia takes over 5% of Nintendo shares.
This purchase of shares has been carried out by the Saudi Arabian Public Investment Fund, making him Nintendo’s fifth-largest shareholder (via Eurogamer). It is an investment fund that in recent years has been making investments of similar caliber in other video game companies like Capcom, Nexon, EA, Activision Blizzard or Take-Two. He is currently the majority shareholder of SNK.
Prince Mohammed bin Salman’s government is trying to secure long-term investment for when the energy transition replaces Saudi oil. Besides, it’s a way of clean up your image in the face of the west after the accusations made by the CIA against the crown prince for the murder of journalist Jamal Khashoggi, an opponent of the regime.
For its part, Nintendo itself has limited itself to communicating that it learned of the operation through the news. We understand that this movement will not appreciably affect the work carried out by the Japanese company today.
Upcoming Nintendo Switch Games
It is unknown if the Saudi investment fund intends to actively participate in Nintendo’s operations, but there should be no doubt that the company will continue to work as it has until now and offer games like Mario Strikers: Battle League, Xenoblade Chronicles 3, Splatoon 3, Bayonetta 3, and everything that comes after. What it seems that there will be no more remasters of The Legend of Zelda for Nintendo Switch, at least for now.
Related topics: Nintendo
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