Shares in Japanese video game developer Nintendo jumped on Monday after Saudi Arabia, one of its largest outside investors, expressed an interest in taking a larger stake in the company.
The Public Investment Fund, Saudi Arabia's sovereign wealth fund, is open to expanding its ownership of Nintendo and other Japanese video game developers, Prince Faisal bin Bandar bin Sultan Al-Saud, vice chair of the Savvy Games Group, a PIF-owned gaming company, told Japanese news agency Kyodo News before the weekend.
