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Post by Nester the Lark on May 18, 2022 12:08:08 GMT -5
It's been reported that Saudi Arabia's Public Investment Fund has now acquired about 5 percent of Nintendo shares, making it the fifth largest invester in the company. Ick. Supposedly, it's for investment purposes, but if it's true that it's also intended to improve the image of the Saudi crown prince, then at least every single news article that covers these stories calls him out on his human rights issues.
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Post by nocturnal YL on May 19, 2022 8:27:00 GMT -5
That's a downside of being a publicly traded company. You can't control which entities buy your shares.
So far, it seems like the fund really is just there for the money, and I guess this is, in a twisted way, evidence that the game industry is doing well enough to attract investors like this.
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Post by Nester the Lark on Jan 12, 2023 16:31:53 GMT -5
According to GoNintendo, Saudi Arabia's PIF has increased its ownership of Nintendo by a little over one percent, going from 5.01% to 6.07% This doesn't really change much about the situation, but it's not going in a preferable direction.
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Post by Nester the Lark on Feb 15, 2023 9:41:16 GMT -5
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Post by Nester the Lark on Feb 17, 2023 9:46:41 GMT -5
And now it's already at 8.26%, making it Nintendo's second-largest shareholder outside of Nintendo, itself, according to The Associated Press. As of this post, Nintendo has yet to provide any comment. |
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Post by Nester the Lark on Nov 13, 2024 10:29:00 GMT -5
According to Nintendo Life, the Saudi PIF's investment in Nintendo has actually been decreasing in recent months. It is now down to 6.3 percent. |
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