Saudi Arabia's investment fund increases its stake in Nintendo to 6%

Saudi Arabia continues to make large investments in the video game industry. Tens of billions of dollars have been invested in the world's largest companies through various funds, and the trend continues.

Here's What We Know

Reuters reports that Saudi Arabia's Prince Mohammed bin Salman's investment fund has invested a significant amount in Nintendo stock and increased its stake from 5.01% to 6.07%.

Flashback

The crown prince has previously announced his intentions to acquire a major game publisher and open 250 video game development studios in Saudi Arabia.