Saudi Arabia plans investments in Nintendo

Nintendo is one of the potential targets for the Saudi Arabian government's investment fund to increase investments in the video game industry, which would mean raising its existing stake in the Japanese company.

According to information from Japan, the fund is interested in investing in Japanese video game companies to help achieve the goal of reducing dependence on oil. This will be done through Savvy Games Group, which confirmed interest in such an opportunity.

“There are always opportunities,” said the vice chairman of the Saudi investment fund in an interview with Kyodo News.

Savvy Games Group has already acquired an 8.58% stake in Nintendo, and has also invested in Nexon, SNK, Capcom, and Koei Tecmo. In addition to the possibility of increasing its investments in Nintendo and other companies, the company is also exploring the possibility of acquiring shares in other Japanese firms.

Savvy Games Group continues to seek new growth avenues in the entertainment world, whether through bets on esports or theme parks, and also continues to explore technologies and games. However, it assures that it will not take any action without the companies’ consent.

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Cover author: Nintendo. Cover source: Reddit