Saudi fund sees lifting stakes in Japanese game firms a 'possibility', Kyodo reports
FILE PHOTO: The logo of Japanese video game company Nintendo is displayed at the Nintendo Tokyo store, Japan Nov. 19, 2019. REUTERS/Issei Kato/File Photo
(This Oct. 5 story has been officially corrected to say that PIF sees raising its stakes in Japanese gaming firms as a 'possibility,' in the headline and in paragraph 1)
TOKYO : Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) sees raising the stakes it holds in Japanese gaming companies as "a possibility," the vice chairman of the fund's gaming entity said, Kyodo News reported.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund's gaming unit, made the comments in an interview with Kyodo.
He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way. The Kyodo report did not specify what he meant by "friendly".
PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo, Kyodo said.
