Saudi Arabia's Sovereign Wealth Fund Bought 5.01% of Nintendo

The Public Investment Fund (PIF or the Sovereign Fund of Saudi Arabia) has become the fifth largest shareholder of Nintendo, Bloomberg reports, citing data from the Japanese Ministry of Finance. It is not known how much it cost the foundation.

Nintendo told Bloomberg that it had learned about the investment from the news itself and would not comment on individual shareholders.

This is not the first time PIF has invested in gaming companies. Recall that in January, he acquired 5% each in Capcom and Nexon, spending a total of $ 1.2 billion. A month later, the fund paid $235 million for 2.57% of Korean NCSOFT.

UPD: the estimated size of the transaction is $3 billion.