Contrary to recent speculation, Saudi Arabia’s Public Investment Fund (PIF) has reduced its stake in Nintendo, shedding an entire percentage point of its shares. The PIF now owns 7.54% of Nintendo, down from 8.58% previously, representing a decrease of approximately 1.69 million shares.
The Saudi Arabian Public Investment Fund (PIF), known for its massive investments, is eyeing a potential increase in its Nintendo shareholding. Already owning 8.5% of the Japanese gaming giant, the PIF, through its Savvy Games Group subsidiary, continues to pursue strategic acquisitions in the gaming industry.
Visionary Holdings Inc. (GV) stock surged over 200% after announcing a $120 million investment from Saudi Arabia’s Public Investment Fund (PIF). The partnership aims to fuel Visionary’s expansion in education, real estate, and technology through global acquisitions, industrial upgrades, and talent development.
