The Arab country continues its investment campaign linked to the videogame universe, which began last year with the acquisition by theSaudi Arabia shares of EA, Take Two and Activision.
The operations, conducted through the national sovereign fund, now turn in the direction of the rising sun. The public investment fund chaired by the Saudi prince Mohammed bin Salman has in fact made a substantial investment in Japan. The news is Bloombergwhich reports the purchase of ben il 5% of Nintendo shares by Saudi Arabia. With this operation, the sovereign fund becomes the de facto fifth investor for importance of the videogame giant of Kyoto.
A decidedly important step, which confirms Prince Mohammed bin Salman’s will to accelerate the process of diversification of the assets part of the investment fund. Against this backdrop, the video game industry has attracted growing interest from Saudi Arabia. At the beginning of the year, for example, the same sovereign fund had in fact purchased a good 96% of the shares of SNK.
In the meantime, the forecasts of the Kyoto giant regarding the resumption of the usual production capacity on the gaming hardware front are rather gloomy, with the President of Nintendo expecting the persistence of the semiconductor crisis for some time yet.
