Saudi Arabia’s Public Investment Fund (PIF) plans to increase its stake in Nintendo and other Japanese video game companies, Kyodo news agency reported on Saturday.
Prince Faisal bin Bandar bin Sultan Al Saud, vice president of the gaming division of the sovereign wealth fund, revealed this project in an interview with the news agency.
He told the Japanese news agency that the PIF was not pressured to raise its stake and that the investments would be made amicably. Kyodo’s report did not specify what “friendly” meant.
PIF currently owns 8.58% of Nintendo and also has stakes in video game companies Nexon, Capcom and Koei Tecmo, Kyo.
