Its latest power move in gaming.
We’re in the midst of high profile takeovers in the gaming industry, in addition to major investments. A lot of headlines have followed Tencent’s increasingly prolific investments in game companies, but today the focus is on Saudi Arabia’s ‘Public Investment Fund’ (PIF), which recently spent around $1 billion on stakes across two businesses.
The bigger chunk was spent on 5% of Nexon, a Korean firm with hugely successful online games. The more notable investment from a Nintendo / console perspective, however, is PIF’s purchase of 5% of Capcom, which according to Bloomberg amounts to around $332 million in value at current share prices. They’re being described as ‘pure investment’ moves, as opposed to precursors to a takeover; time will tell on that, but at present it’s a modest shareholding.
Read the full article on nintendolife.com