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[kingfey]

Saudi Arabia has bought a 5% stake in Nintendo | VGC

It’s the latest gaming acquisition by the kingdom’s sovereign wealth fund…

www.videogameschronicle.com

Saudi Arabia has purchased a 5.01% stake in Nintendo, according to a filing to Japan’s Finance Ministry.

Bloomberg reports that the country’s Public Investment Fund, a sovereign wealth fund chaired by crown prince Mohammed bin Salman, made the purchase for investment purposes.

The acquisition makes it the fifth-largest Nintendo shareholder, according to Bloomberg’s data.

This is the latest in a series of gaming investments made by the crown prince and his investment funds.

Last month, through his Electronic Gaming Development Company, the prince acquired 96% of acclaimed Japanese developer SNK, taking over ownership of the Fatal Fury, Metal Slug and King of Fighters studio.

Earlier this year, the nation’s Public Investment Fund had been used to invest stakes of more than 5% in both Capcom and South Korean online games publisher Nexon. These investments totalled over $1 billion.

In December 2020, the fund acquired over $3 billion worth of stock in Activision Blizzard, Electronic Arts and Take-Two.

It’s set to receive a profit on part of that investment if Microsoft‘s acquisition of Activision Blizzard is successfully completed.

The Public Investment Fund (PIF) is reportedly central to crown prince Mohammed bin Salman’s goal of making the Saudi economy less reliant on proceeds from oil.

PIF’s continued investments in video game companies may raise concerns for some, given Saudi Arabia’s longstanding history of human rights abuses.

The crown prince in particular has been accused of ordering the murder of journalist Jamal Khashoggi.

According to its website, PIF’s vision is to be “a global investment powerhouse and the world’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia”.

 

[lh032]

 

[TheTony316]

Prepare for Xenoblade 2 Burka DLC and censorship in future games.

 

[Hosam6xavi]

Best news for the day

Pif own 5% of Nintendo !!! Dream come true

I will be enjoying the salt from the propagandist Media

And Bloomberg is a better source

Saudi Arabia’s PIF Adds to Games Push With 5% Nintendo Stake

Saudi Arabia’s Public Investment Fund took a 5.01% stake in Nintendo Co., its third investment in a Japanese games company as the industry consolidates.

www.bloomberg.com

 

[GHG]

Looking forward to the ignorant tears that will come as a result of this.

 

[Kokoloko85]

Uh I dont want any government or huge corp owning part of a game company like Nintendo…

 

[Ezquimacore]

Uh I dont want any government or huge corp owning part of a game company like Nintendo…

Don't worry, Nintendo owns the majority of their shares and their debt is basically nothing.

 

[chromhound]

Good or bad?

 

[Crownjo]

Inshallah.

 

[RayBoy]

 

[Hosam6xavi]

I love Nintendo Saudi Twitter

 

[Skelterz]

Should be a rule that anybody who arranges people to be chopped to pieces in Turkish embassies can’t invest in major companies just saying worth thinking about.

 

[ButchCat]

Next Mario game

 

[Drew1440]

I thought Japan disallowed such a thing for Japanese companies?

 

[Gaelyon]

They should at least buy Ubisoft and reboot Prince of Persia.

 

[Skelterz]

I thought Japan disallowed such a thing for Japanese companies?

It’s not a buy-out it’s an investment.

 

[GymWolf]

Next mario is looking good

 

[Fuz]

Cultural colonialism incoming.

 

[ParaSeoul]

 

[ParaSeoul]

I thought Japan disallowed such a thing for Japanese companies?

Foreign investors have to notify the government before purchasing anything larger than a 1% stake in a Japanese company. If its approved then yeah it will go through.

 

[lh032]

I thought Japan disallowed such a thing for Japanese companies?

Money talks.

 

[cireza]

I thought Japan disallowed such a thing for Japanese companies?

Take this with a grain of salt, but I heard they bought Japan beforehand.

 

[Meicyn]

Wonder how folks who refuse to buy SNK games due to partial Saudi ownership will reconcile this situation. Are they willing to part from Nintendo?

Spoiler

Obviously not.

 

[KungFucius]

Probably going to lead to a bunch of Oil propaganda. Mario Kart will explicitly gas up, FLUDD will come back and spray oil instead of cleaning it, Zelda Towers will change to oil wells and The button layout will change from ABXY + - to FUCK EV.

 

[OmegaSupreme]

 

[whyman]

Time to stop buying Nintendo games and products.

 

[Dick Jones]

Now Jaffe has an excuse to not play Metroid Dread poorly.

Love you Jaffe, but you are wrong on Metroid.

 

[Petopia]

Great now we can't finally get some quality exclusives, wait nah they're still bottle necked by their tech.

 

[Davevil]

Era in this moment

 

[Tams]

I mean, Nintendo are publicly traded, so things like this happen. Control of the company is almost certainly kept in Japan via various mechanisms.

So while it is news, I don't see how this even interesting.

Body chopper prince's investment firm invests. Pope shits in the woods. Bears estatic.

 

[V4skunk]

Should be a rule that anybody who arranges people to be chopped to pieces in Turkish embassies can’t invest in major companies just saying worth thinking about.

I'm pretty sure that was one of Bin Salmans brothers who is now dead from a chopper crash or under house arrest in Saudi.
There was a huge power vacuum when the dad, the leader of it all died.
The biggest mass shooting ever in the US! The Las Vegas shooting targeting Trump supporters was also something to do with this power struggle. The hotel the gunmen fired from is owned by Salmans brother.

 

[A Most Virtuous Cat]

 

[Flutta]

Maybe w’ll get a new take on Mario. Shit is getting boring at this point

 

[Hendrick's]

Does this get them a seat on the board?

 

[Mister Wolf]

Prepare for Xenoblade 2 Burka DLC and cencorship for future games.

They haven't censored KOF 15 at all.

 

[kyliethicc]

I thought Japan disallowed such a thing for Japanese companies?

Only some companies.

Nintendo is not protected like Sony is. Different classifications.

Sony Corp is viewed as a tech company. Nintendo is an entertainment company.

The restrictions to protect domestic companies is for tech, not toys.

 

[SportsFan581]

Random.

 

[rashid102]

 

[Rat Rage]

Good or bad?

You decide...

Mohammed bin Salman has blood on his hands. He's responsible for the brutal murder of an innocent man (Saudi Arabian journalist Jamal Khashoggi).

I don't think Nintendo should be happy about this.

 

[HeisenbergFX4]

I knew Bo_Hazem was known as the gold dealer around here now he owns stake in Nintendo?

 

[lh032]

I knew Bo_Hazem was known as the gold dealer around here now he owns stake in Nintendo?

 

[Bo_Hazem]

I knew Bo_Hazem was known as the gold dealer around here now he owns stake in Nintendo?

 

[ParaSeoul]

You got any more of that gold?

 

[Bo_Hazem]

You got any more of that gold?

Reality...

 

[Toots]

You decide...

Mohammed bin Salman has blood on his hands. He's responsible for the brutal murder of an innocent man (Saudi Arabian journalist Jamal Khashoggi).

I don't think Nintendo should be happy about this.

Spoiler

Dude was an al-quaida supporter with ties to the saudi secret service and a real shady uncle (Adnan Kashoggi) who was one of the key person in the Iran-contra weapons deal (which pissed of the Saudis quite a bit at the time)
Doesn't mean his killing is justified, no killing or torturre is ever justified, but as in every political mess, no one here is truly innocent.

edit : i put my rant under spoilers because it was beside the point of the thread

 

[MrTroubleMaker]

 

[Ghost of Caelid]

Nintendo is one of the companies where their games are so controversy free that saudi involvement isnt going to change much. Not like theyre going to add political messages or put peach in a burka.

 

[AJUMP23]

Can't wait for Nintendo's new OPEC game.

 

[JLB]

It’s not a buy-out it’s an investment.

Do you think theres a chance of a 100% investment from MS?

 

[ReBurn]

I thought Japan disallowed such a thing for Japanese companies?

NeoGAF is often the land of wishes and make-believe.