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Bella Javier Liamzon

Saudi Arabia to Increase Stake in Nintendo, Causes Share Prices to Rise

Saudi Arabia's Public Investment Fund (PIF) is open to raising its stake in Nintendo, causing the Japanese game studio's shares to rise. (Credit: Getty Images, Nintendo, Philip FONG, AFP)

Nintendo's shares rose after the government of Saudi Arabia revealed that it was raising its stake in the home of the Super Mario franchise.

The development comes as Saudi Arabia is one of the Japanese company's largest outside investors.

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