Nintendo shares drop as PIF cuts stake

عربي

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Nintendo stock price declined today, Oct. 9, as the Japanese regulatory authorities affirmed that the Public Investment Fund (PIF) reduced its stake in the gaming company to 7.54% from 8.58%.

The Saudi sovereign wealth fund raised its holding in Nintendo in February 2023 from 7.08% to 8.58% to be the biggest shareholder in the company.

The Tokyo-listed stock ended 2% down at JPY 7,877.

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Nintendo shares drop as PIF cuts stake

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