Through its Public Investment Fund, Saudi Arabia invested in Nintendo this week to own 7.08% of its shares. Surprisingly, only a few days have passed and the country has already injected more money into the Japanese company.
We know that Saudi Arabia further increased its stake and now has 8.26% of Nintendo’s shares in its hands. Thanks to this, he has already become the largest external investor in the Japanese company. The Mario Bros. company and other popular franchises has not ruled on this second round of investment in the same week.
On the other hand, Saudi Arabia also took out the portfolio to acquire more shares of other prominent studios in which it had previously invested. We refer to Electronic Arts and Take-Two Interactive.
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Saudi Arabia also invested in Electronic Arts and Take-Two
Saudi Arabia made its first investments in Electronic Arts in February 2021 and subsequently in May of the same year. Thus he obtained 5.1% of his shares, a figure that recently increased to 5.8% in a new round of investment.
On the other hand, his first investments in Take-Two, owners of Rockstar and other major studios, were during the same time. We know that he increased his stake in the studio’s shares from 5.3% to 6.8%.
Neither Electronic Arts nor Take-Two have issued a statement on the matter. Recently, Saudi Arabia has also injected millions of dollars into the esports industry, as its expansion plans include everything related to the competitive market.
Saudi Arabia will continue to invest big in gaming for years to come. One of its goals is to acquire a leading studio and thus expand the reach of the industry in its territory. Previously, he also bought parts of Embracer Gruop, Activision, Capcom and is practically the owner of SNK.
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In this link you can find all the news related to Saudi Arabia and its most recent movements in the industry.
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