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TopicSaudi Arabia Now Owns 6% Of Nintendo
s0nicfan
02/05/23 5:55:45 PM
#30:


[LFAQs-redacted-quote]


It's an investment group buying stocks on the stock market. Nintendo is actually protected by the Japanese government as a national asset, so it's not actually possible for foreign investor to seize any actual control.

Like, I think people may be misrepresenting the story if they think that Nintendo cut some kind of deal with Saudi Arabia. All that happened is the Saudi Arabian group pulled together a bunch of money and bought enough stock to increase their stake by 1%.

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