Acquisition value estimated at US$2.98 billion
The Kingdom of Saudi Arabia’s Public Investment Fund (PIF), chaired by the Kingdom’s Crown Prince Mohammed bin Salman, announced last week that it had acquired a 5.01% stake in nintendo. the FinancialTimes newspaper estimated a value of US$2.98 billion for the purchase.
Based on nintendois clean SEO of its shareholders as of September 30, 2021, PIF would become the second largest external shareholder nintendo after The Master Trust Bank of Japan, Ltd. Bloomberg, however, reported that the investment would make PIF the fifth largest shareholder, citing its own data.
The PIF before disclosed in February, he bought more than 5% of shares for Japanese developers CAPCOM and Nexonand also owns shares in other game developers and publishers, such as Activision-Blizzard, electronic artsand Take-Two Interactive.
Crown Prince Mohammed bin Salman also founded the Prince Mohammed bin Salman Foundation – also known as MiSK – which owns the Saudi media company. Manga Productions. Manga Productions has already collaborated with Toei-Animation on a number of anime projects, including the short film “The Woodcutter’s Treasure”, Folk Tales of the Futureand The trip. Electronic Gaming Development Company, another company under MiSK, announced in February that it now has a 96.18% stake in the Japanese game developer. SNK.
In February 2021, the US Office of the Director of National Intelligence assessed that Crown Prince Mohammed bin Salman approved an operation in Istanbul, Turkey to capture or kill Jamal Khashoggi. Khashoggi was a Saudi journalist who moved to the United States and wrote for The Washington Post newspaper before he was killed in 2018. The Saudi government”reject completely[ed]” the American assessment. Crown Prince Mohammed bin Salman was also critical for prosecuting a war in Yemen that caused a humanitarian catastrophe and for suppressing dissenting voices. He has alternately been praised for ending the ban on women driving in 2018.