Saudi Arabia's PIF Further Reduces Its Stake In Nintendo

Sovereign wealth fund now has a 6.3% stakehold.

Saudi Arabia's Public Investment Fund has reduced its stake in Nintendo for the second time in as many months.

As reported by Bloomberg (thanks, The Edge), a new filing in Japan shows that the PIF's stake in the Japanese video game firm now stands at 6.3%, down from 7.54%. This follows an earlier 1.04% reduction in October, a move which came soon after reports to the contrary suggesting the sovereign wealth fund was seeking to increase rather than decrease its Nintendo stakehold.

Read the full article on nintendolife.com