Saudi Public Investment Fund Reduces Its Stake In Nintendo

Update: Contrary to reports which had suggested a possible increase.

Update : Following articles over the weekend that Saudi Arabia's Public Investment Fund may seek to increase its investment in Nintendo over and above the 8.58% stake it owned, CNBC now reports that the PIF has, in fact, cut its stake in the Japanese firm.

The Saudi sovereign wealth fund's stakehold has reportedly decreased by over one percentage point, according to a Japanese filing. It now stands at 7.54% (thanks, GamesIndustryBiz).

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