Saudi Arabia’s Public Investment Fund (PIF), a wealth fund chaired by Crown Prince Mohammed bin Salman, bought a 5. 01% stake in Nintendo in May 2022 and last month increased its stake from 1. 06% to 6. 07%.
A new report from Trading View indicates that Saudi PIF has bought back even more Nintendo shares. This time, the public fund bought 1. 01% more from Nintendo to bring its total stake to 7. 08%.
The Saudi PIF in its first investment in Nintendo made it Nintendo’s fifth-largest shareholder.
The fund has also invested more than a billion in Japanese video game publisher and developer Capcom and South Korean video game publisher Nexon. This investment represents a more than 5% stake in Capcom and Nexon.
Saudi Arabia’s PIF acquired more than $3 billion in shares of Activision Blizzard, Electronic Arts and Take-Two Interactive in December 2020, and in June 2022 a $1 billion stake in Embracer Group.
Saudi Arabia’s crown prince aims to make the country’s economy less dependent on oil.
A passionate and long-time player, William D’Angelo was first brought to VGChartz in 2007. After years of supporting the site, he was recruited in 2010 as a junior analyst, then rose through the ranks to become a senior analyst in 2012 and took over. Hardware estimates for 2017. It has expanded its involvement in the gaming network through content generation on its own YouTube channel and Twitch channel. You can tap on Twitter @TrunksWD.
Don’t get banned. . . . . you know who you are xD
hahaha caveman!
I came here to see the bombs bombed.
Listen, I understand you, you don’t want to stay reminding me, especially with everything else that touches me in life.
Don’t worry, I don’t. I only know how much you think about it, but we players stand together, no matter how different we are 🙂
Well, if we stay together, why do they keep making me the target of a tired and unfunny joke when I have to warn everyone about what’s going to happen?
I’m tired of not being able to do anything. I need to keep buying things from Nintendo, but I don’t need to fund a terrorist state.
Yes, but Nintendo is also a publicly traded company. They have no say in who and who can’t buy their shares. It all depends on what the local government allows. Unfortunately, cases like this are what occur in a capitalist society. Don’t do anything about it unless you become a billionaire and buy as many shares as humanly imaginable lol. But it’s up to you to decide what to buy.
I just need to be able to keep betting new Nintendo games without sharia rushing over me. All I can do is hope that the circle of Saudi royal relatives will shed power.
You complain that you don’t need others to plant you when you do it yourself.
Don’t you think I’m looking to be memorable?
If you are, you fail.
I think it’s bullshit even if I breathe.
No, I shit on the toilet.
Note mod: OK, everyone. Sit down, stick to the article, and avoid talking about others.
The fact is that Saudi Arabia is not a democracy with even a clear resemblance of separation of powers. With countries like these, it’s never “We’re an independent pension fund and we just invest in anything that makes sense, with political leaders never legally allowed. “interfere in the companies in which the pension fund invests”.
I don’t think you can count on any country, democratic or not, to stay away from this kind of thing. So, in fact, there are things to worry about here. And, on the plus side, Saudi Arabia isn’t doing anything with his video. What is at stake so far, at least that we know.
Saudi Arabia is actively running to whitewash its reputation at cultural events such as sports. They are already intervening.
But I’m sure they will. If there is a new Metal Slug game on the horizon, all Arab enemies will be eliminated from the game. Nowhere did he say they were meant to be Saudis, but still.
They’re used to doing things this way, until they do.
Of course. And at the moment, they don’t have that history.
Next, look for sporting events such as football or Formula 1. Watch as other oppressive countries like China create pop culture media, such as videos that paint China in a positive light through Tencent. China is simply more complex than Saudi Arabia, Qatar, Bahrain, etc. If Cuba did the same, the U. S. media would be outraged. There would be other sanctions. The fact that Wahhabi extremists are allowed to film this in public view shows how the Saudi cover-up is already complex.
But you move with purpose posts here. We are not talking about whether the use of media to influence thought is acceptable. We’re talking about whether Saudi Arabia is used to playing with the video game industry. And it turns out they don’t. have that story.
Video games are a form of media. It’s moving posts by purpose.
You know that America does everything you say in terms of means to manipulate people, right?All other governments and occasional corporations do the same.
Whataboutism.
What is it like to use the standard?
And when it comes to government over the means to spread its propaganda, no one will say that governments don’t. Sure they do. Western governments are no better. You can simply say that Western governments are more benevolent. But he cannot argue that they do not manipulate public opinion through the media.
Classic of whataboutism.
Yes, that’s precisely what you did when you discussed whitewashing through sports. We communicate if they played with the video game industry and communicate how they began to invest in sports to beautify their image.
Maybe something smart will come out of it. Or maybe we’re getting lucky, and I know that’s not the most likely outcome, and anything will cause the Saudi monarchy to declare bankruptcy.
Nintendo laughs at the Saudi prince in its next game and sees if there is a backlash.
The backlash will be 15% buy.
and tabs
Or at least an unflattering character on which he allows himself to be humiliated.
If that happened and I Nintendo, I would simply warn my workers to stay away from any Saudi embassy.
Well, if that happened, there would be massive repercussions in Saudi Arabia. As in those who may have innocent bystanders murdered there because the royal circle of relatives is idiotic. From what I’ve seen, the monarchy isn’t THAT stupid.
Bombs away!
I put on my hat because of falling debris.
Before the collapse begins
New article. Saudi Arabia has again increased its stake in Nintendo. They now own 8. 26% of Nintendo.
Maybe it’s your percentage of the love hotel business. . .
Mario Kart to provide Aramco commercials
They just move on.
Pass slowly and steadily
Okay, this decreases the waste of waking up in Nintendo games!
We also settle for gambling in the broad sense to fund war crimes and Sharia law.
It’s time to get rid of Nintendo!
In early autumn, I don’t know why Nintendo sells its soul to the prince of the bonesaw. Money talks. . . .
If they buy public inventory on the market, I don’t know if Nintendo can do much about it.
Nintendo’s shareholders are several Japanese banks.
So why are they doing more to save that possibility for you?
All I can do is wait for something to happen that makes a dent in Saudi Arabia’s wallet that no longer buys shares and/or has to sell its shares to someone in Japan.
That won’t happen. It’s up to Nintendo and its legal team. From my very limited understanding of Japanese trade law, it is more protectionist than America’s, so it would be complicated. If Nintendo continues with its current trajectory, I don’t see it happening. there is some other Wii U situation, possibly it would be more difficult to prevent.
Well, can I still smile if Saudi Arabia is hit by more floods and/or locusts?This is the genuine punishment they have won since the ceasefire with Yemen began.
I mean, you can do whatever you want. Personally, I wouldn’t smile because even if I think the leadership is disgusting, I don’t wish anything bad on other people, who also suffer from the regime, even those who help. History has shown how tragically simple it is for other otherwise intelligent people to warp themselves. And, of course, I’m sure that many other people who don’t help the regime simply can’t do anything.
All I can hope for is a positive replacement in Saudi Arabia.