Saudi Public Investment Fund discloses 5% stake in Nintendo

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 Titanium Media App reported on May 19. The Wall Street Journal reported on May 19 that Saudi Arabia’s Public Investment Fund (PIF) disclosed that it held a 5% stake in Japan’s Nintendo, valued at about $3 billion. Raise your bets on the gaming industry.  In a Japanese regulatory announcement, the PIF said the fund held just over 5 percent of Nintendo as of March 31. The fund said the holding was merely an investment, indicating it did not intend to influence the company's strategy. A Nintendo spokesman declined to comment. A representative for PIF did not respond to a request for comment.

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