Support NeoGAF

[IbizaPocholo]

Saudi Arabia's wealth fund raises Nintendo stake to 6%

Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry.

www.reuters.com

Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd (7974.T) to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry.

PIF's stake in the Kyoto-based company has risen from 5.01% to 6.07%, according to the ownership report filed with Japanese regulators.

 

[Amiga]

SNK type full takeovers are better IMOO.

 

[feynoob]

Saudi arabia seems to be on roll these days with their investment.

 

[TLZ]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

 

[Ghost of Caelid]

Unfeathered capitalism doesn’t care about blood money. Honestly what can you do as a consumer? It does suck.

 

[lh032]

Saudi Nintendo in the future.

 

[jigglet]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

You really didn’t know Nintendo was a listed company?

 

[TLZ]

You really didn’t know Nintendo was a listed company?

No

 

[bitbydeath]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

Probably accidentally clicked on one of those scam rich prince emails.

 

[jigglet]

No

Oh ok yeah they have been listed for decades now.

 

[SlimeGooGoo]

.

 

[ParaSeoul]

More Saudi influence might actually make Nintendo treat its customers better,that's the state they're in.

 

[Hosam6xavi]

Love it

 

[TLZ]

Oh ok yeah they have been listed for decades now.

Is there a limit on them? Whats the % they have listed? I don't know much about these things.

 

[Airbus Jr]

What is saudi government interest on this matter?

I dont like it

Nintendo must be 100% Japanese as always

Whats going on here

 

[GymWolf]

Leaked cover of the next mario game

Spoiler

 

[Hamza]

Leaked cover of the next mario game

Spoiler

I will pay 70$ to see this game

 

[Dirk Benedict]

What is saudi government interest on this matter?

I dont like it

Nintendo must be 100% Japanese as always

Whats going on here

Games Industry is bigger than music and film combined. Let it sink in. The Saudis have.

 

[jigglet]

Is there a limit on them? Whats the % they have listed? I don't know much about these things.

I'm no expert, when I owned Nintendo stocks it was via non traditional method (ADR's).

% listed doesn't necessarily tell the whole picture, they could have all of it listed but still own most of the stocks so they would be at zero chance of a takeover. In fact they embarked on quite a heavy buy back a while back I think.

I don't know how it works in Japan but in many countries you can keep buying until you hit a certain limit, at which point you need to propose a buy out / takeover. Again I'm no expert in this field.

At the point of attempting a buy out you'd be subject to whatever sort of laws they have in place in Japan. Generally in Japan the government are going to make it hard for foreign entities - much less foreign governments - to take over.

Anyway there's no real threat here. The Saudi's are dirty fucks that want to make money. Contrast that with the Chinese, who are dirty fucks that also want to make money, but are really here to gain leverage in other ways that are actually worth worrying about.

 

[Lasha]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

You can buy Nintendo shares. I have a shitload of them.

 

[Heisenberg007]

Nice! We are one step closer to our dream of having Al-Mario

 

[Tams]

What is saudi government interest on this matter?

I dont like it

Nintendo must be 100% Japanese as always

Whats going on here

Are you having a laugh, or are you really that ignorant of the world?

 

[Airbus Jr]

Are you having a laugh, or are you really that ignorant of the world?

Enlightened us with you clever words then go on

 

[Synless]

Super Mario Land making a comeback!!!!!

 

[ToTTenTranz]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

Less than 10% doesn't need approval. Above that stake the Japanese government makes it a living hell to even attempt to buy more.

 

[M1chl]

inshallah Nintendo gets buy in full and they make it a good videogame company once more

 

[RoboFu]

I can figure out if you all are being obtuse or just dumb…

 

[Spyxos]

Where does this strong interest of the Saudis in gaming suddenly come from? They buy up almost everything now.

 

[mansoor1980]

 

[M1chl]

Where does this strong interest of the Saudis in gaming suddenly come from? They buy up almost everything now.

Money of course and to a degree influence as well.

 

[hemo memo]

That’s good news. PIF doing strategic investments all around.

 

[Drell]

Where does this strong interest of the Saudis in gaming suddenly come from? They buy up almost everything now.

Oil will no longer protif them is some years. They have to find alternatives.

 

[Tams]

Enlightened us with you clever words then go on

You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?

 

[Tarin02543]

 

[Lunarorbit]

I thought Nintendo don't allow this? I didn't know others could own parts of it.

You know why you thought this? It's cause people on the internet probably told you that because they think the Japanese government wouldn't allow investment in a cultural touchstone like Nintendo. I saw this a bunch on the last year.


Oh and China officially took over tiktok and tencent with "golden shares" which means they get 1% ownership but get to appoint a director to the board that only has 3 members. And they retain creative control.

So that's a big fuck you to everyone who has their head up their asses and told me tencent wouldn't be taken over by the Chinese government. That's why I'm pissed Sony is letting them invest.

And people are angry over jk Rowling and hogwarts legacy. This shit is the real danger. Fuck the Saud government too

 

[Dr.Morris79]

Games Industry is bigger than music and film combined. Let it sink in. The Saudis have.

That, and in the current climate, oil isnt a big trend...

 

[CuteFaceJay]

Making the move into the entertainment industry spesifically video games is the best move they will make. Once Oil is gone and the world begins to run on that lithium they'll be sitting cosy.

 

[belmarduk]

And people are angry over jk Rowling and hogwarts legacy. This shit is the real danger. Fuck the Saud government too

Their unprovoked war in Yemen which has resulted in the loss of life of millions.
Their continued treatment of women as property.
The execution of gay people.

but no... JK Rowling is the most important issue. I hope Hogwarts Legacy sells 50 million copies just to knock these egomaniacs down a few pegs.

 

[Airbus Jr]

You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?

i know i just dont like this news

what business arabic government trying to do with buying a japanese videogame company

have a nice day

 

[Party McHardy]

I can’t wait for the oil to run out.

 

[AMSCD]

You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?

Why do you only speak in riddles?

 

[ChorizoPicozo]

MS to Nintendo :

Who is laughing now Mr. Plumber?

 

[Bernkastel]

Nintendo must be 100% Japanese as always

what business arabic government trying to do with buying a japanese videogame company

Nintendo just shot themselves in the foot.

I don't know how much the rest of you know about Japanese culture (I'm an expert), but honor and shame are huge parts of it. It's not like it is in Saudi Arabia where you can become successful by being an asshole. If you screw someone over in Japan, you bring shame to yourself, and the only way to get rid of that shame is repentance.

What this means is the japanese public, after hearing about this, is not going to want to purchase the next Mario game, nor will they purchase any of Nintendo's games. This is HUGE. You can laugh all you want, but Nintendo has alienated an entire market with this move.

Nintendo, publicly apologize and cancel your business with the Saudis or you can kiss your business goodbye.

 

[Airbus Jr]

Games Industry is bigger than music and film combined. Let it sink in. The Saudis have.

by what statistic?

is it really that big? not according to this nintendo isnt that big

from Fortune's Global 500 list


Here is the list of the biggest companies of Japan in 2022:

Rank	Company	Fortune Global 500 Rank	Revenue ($M)	Headquarters
1	Toyota Motor	13	279338	Toyota City
2	Mitsubishi	41	153690	Tokyo
3	Honda Motor	61	129547	Tokyo
4	Itochu	78	109434	Osaka
5	Nippon Telegraph & Telephone	83	108216	Tokyo
6	Mitsui	88	104665	Tokyo
7	Japan Post Holdings	94	100278	Tokyo
8	Hitachi	113	91375	Tokyo
9	Sony	116	88321	Tokyo
10	ENEOS Holdings	140	80133	Tokyo
11	Seven & I Holdings	147	78458	Tokyo
12	AEON	148	78155	Chiba
13	Marubeni	157	75743	Tokyo
14	Nissan Motor	161	74995	Yokohama
15	Nippon Life Insurance	164	74392	Osaka
16	Dai-ichi Life Holdings	167	73082	Tokyo
17	Toyota Tsusho	172	71465	Nagoya
18	Panasonic	193	65774	Osaka
19	Nippon Steel Corporation	214	60612	Tokyo
20	SoftBank Group	234	55384	Tokyo
21	Mitsubishi UFJ Financial Group	240	54087	Tokyo
22	Idemitsu Kosan	250	52336	Tokyo
23	Tokio Marine Holdings	253	52199	Tokyo
24	Denso	278	49099	Kariya
25	Sumitomo	279	48916	Tokyo
26	KDDI	281	48486	Tokyo
27	Tokyo Electric Power	290	47269	Tokyo
28	MS&AD Insurance Group Holdings	309	45685	Tokyo
29	Mitsubishi Electric	351	39852	Tokyo
30	Daiwa House Industry	354	39520	Osaka
31	JFE Holdings	358	38858	Tokyo
32	Meiji Yasuda Life Insurance	377	37516	Tokyo
33	Sompo Holdings	383	37099	Tokyo
34	Sumitomo Mitsui Financial Group	388	36597	Tokyo
35	Mitsubishi Chemical Holdings	401	35403	Tokyo
36	Mizuho Financial Group	404	35279	Tokyo
37	Aisin	409	34873	Kariya
38	Mitsubishi Heavy Industries	418	34364	Tokyo
39	Sumitomo Life Insurance	442	32042	Osaka
40	Canon	444	32005	Tokyo
41	Fujitsu	446	31930	Tokyo
42	Takeda Pharmaceutical	448	31771	Tokyo
43	Suzuki Motor	449	31765	Hamamatsu
44	Sumitomo Electric Industries	476	29980	Osaka
45	Toshiba	480	29705	Tokyo
46	Bridgestone	484	29570	Tokyo
47	Medipal Holdings	489	29296	Tokyo

 

[chromhound]

Next Zelda game based in the middle East

 

[Azelover]

Almost half the amount Yamauchi had. It's a pretty sizeable chunk..

 

[belmarduk]

Next Zelda game based in the middle East

That could actually be pretty cool... The Gerudo Desert was always one of the most interesting locales in Hyrule. Its one of the best in Breath of the Wild.. but the Gerudo are women without a male guardian, so I doubt the Saudis would go for that.

 

[John Wick]

i know i just dont like this news

what business arabic government trying to do with buying a japanese videogame company

have a nice day

Why? Is it only the US allowed to make profits?

 

[John Wick]

I can’t wait for the oil to run out.

They can easily use solar power. What with the amount of sun and open land it's an easy option

 

[Tams]

Why do you only speak in riddles?

That was just a list of very basic concepts. Things everyone should be aware of.

If that's too much for you, then you really need to get yourself back into education.