It has now been revealed that the Saudi Arabian state investment fund has once again increased its stake in video game developer Nintendo. With now 7.08% of the company, the fund is already invested in several video game companies worldwide, including Capcom, Nexon, Koei Tecmo, EA, Activision Blizzard, Take-Two and SNK.
Long-term Fund for Saudi Arabia
The PIF (Public Investment Fund) is a long-term investment fund for the Saudi state and is led by Crown Prince Mohammed bin Salman. The Crown Prince is controversial due to his alleged involvement in the murder of journalist Jamal Khashoggi and the country's poor human rights record.
Nintendo not making any further statements
Nintendo has not commented further on the PIF's investment. It remains to be seen what consequences this development will have on the gaming industry and the company Nintendo.
