Write what you are looking for and press enter to begin your search!
Saudi Arabia Owns 5% Of Nintendo
Saudi Arabia’s Public Investment Fund, which is the country’s bottomless pit of money used to diversify into sectors beyond oil, has a new acquisition in place: a small chunk of the Big N.
Saudi Arabia now has 5.01% stake in Nintendo according to a Bloomberg report that detailed a recent Japanese Finance Ministry filing. Other companies with some of its stake and shares owned by Saudi Arabia include EA, Capcom, Take-Two, Activision, and SNK. This makes the fund company the fifth-largest shareholder. The fund is run by Saudi Crown Prince Mohammed bin Salman.
As to why this is controversial to many, one can argue that the PIF is just a way to whitewash the Saudi Arabian government’s human rights violation records. There’s also the fact that the country was involved with the murder of journalist Jamal Khashoggi and the backing of the ongoing Yemeni genocide.
Marvel's Spider-Man is getting two new suits from the upcoming Spider-Man No Way Home movie. These include the Black And Gold suit, as well as the new...
The last Parasite Eve game on the PSP back in 2011 -called The Third Birthday- was interesting, to say the least. It was also one of the games Hajime ...
Yes, Fortnite is giving players the Season 8 pass for free! But remember, there's no such thing as a free lunch. Players are entitled the free seas...
">
[Rumour] WWE Has Been Purchased By Saudi Arabia’s Public Investment Fund
January 11, 2023 at 2:43 pm
[…] isn’t anything new. There have been many instances of that over the past few years, including investing in Nintendo, Capcom and Nexon, as well as Activision Blizzard, EA, Take-Two and even […]