![Saudi Arabia buys a 5% stake in Nintendo](https://static.techspot.com/images2/news/ts3_thumbs/2022/05/2022-05-18-ts3_thumbs-1b4.jpg)
This week, Saudi Arabia's Public Investment Fund (PIF) bought five percent of Nintendo. By Bloomberg's estimates, this makes it Nintendo's fifth-largest shareholder. Nintendo said it only learned of the investment from news reports and declined to comment on individual shareholders.
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