Did Saudi Arabia buy 5 of Nintendo?

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Saudi Arabia's sovereign wealth fund is set for a face-saving $ billion boost to its investment in Activision Blizzard Inc. after Microsoft Corp. agreed to buy the video-game maker.Jan 18, 2022

The Public Investment Fund acquired a 5% stake in the video game company. The deal makes Saudi Arabia's sovereign wealth fund Nintendo's fifth largest shareholder.May 23, 2022

Savvy Gaming Group provides investment services. The Company offers long term growth and development in games and esports capital investment deploying for fans, players, developers, and technology innovators, as well as provides consulting services.Jun 8, 2022

Saudi Arabia's Public Investment Fund acquires stakes in Capcom and Nexon. Saudi Arabia's Public Investment Fund has acquired minor stakes in Capcom and Nexon. According to Bloomberg, the fund took a stake of more than 5% in each publisher, with a combined value of over $1 billion.Feb 11, 2022

A native of Nara, Japan, Kenzo Tsujimoto founded Capcom in 1983, now one of the world's most successful video game publishers headquartered in Osaka, Japan.

  • Amounting to more than $1bn. Saudi Arabia's controversial Public Investment Fund (PIF) now has stakes in both Capcom and Nexon, making these two companies the latest in a long line of video game investments from the initiative chaired by Prince Mohammed bin Salman. The PIF purchased stakes of more than five percent in both Capcom and Nexon.

  • Saudi Arabia is looking to be a big player in the gaming market. Using its Public Investment Fund, the Saudi government has purchased big stakes in EA, Take-Two Interactive, and Activision Blizzard, and now it's purchased a big piece of Resident Evil and Monster Hunter developer Capcom and South Korean mobile developer Nexon.

  • The PIF purchased stakes of more than five percent in both Capcom and Nexon. This equates to a holding of more than $1bn across the two companies (via Bloomberg (paywall) ).

  • Its latest investment in both Capcom and Nexon is said to be valued at over 1 billion. According to Bloomberg, the 5% purchase of Capcom is valued at approximately $332 million at current stock prices, while the 5.02% in Nexon is valued at roughly $883 million.

In 1973, the Saudi government bought a 25% interest in Aramco, increasing that interest to 60% the following year. In 1980, the Saudi government increased its interest in Aramco to 100%.

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What is the Saudi Arabia Public Investment Fund?
The Public Investment Fund (PIF) of Saudi Arabia was established in 1971 and is that nation's sovereign wealth fund. It provides financing for productive commercial projects that are strategically significant to the development of the Saudi Arabian economy.
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