Saudi Arabia's Public Investment Fund took a 5.01% stake in Nintendo
- Thread starter Arubedo
- Start date
That's pretty much where I'm at. It still sucks, but at least it's just 5%.
Its Good news for Saudi people and arabs countries, Nintendo doesn't support the arabs countries maybe after this investment they will change
I don't really think that the government of Saudi Arabia cares about that.
This thread is wild. SA's PIF became one shareholder out of many. Extrapolating that Nintendo is aligned with SA on policy, that this is going to result in some massive change in direction for Nintendo, or that SA is going to take over the company is sheer doomposting.
Not sure I agree with the "now your purchases are funding a murderer!" framing, either. Not really that direct a proposition. Your individual purchase is helping Nintendo be successful, sure; it is not raising the value of Nintendo stock, it is not making Nintendo profitable, it is not resulting in Nintendo increasing its dividend yield or whatever. People are talking like some percentage of every video game purchase will go to SA now, but not really how it works. This is more buying a ticket to Universal Studios than it is buying a wand at Wizarding World.
Not sure I agree with the "now your purchases are funding a murderer!" framing, either. Not really that direct a proposition. Your individual purchase is helping Nintendo be successful, sure; it is not raising the value of Nintendo stock, it is not making Nintendo profitable, it is not resulting in Nintendo increasing its dividend yield or whatever. People are talking like some percentage of every video game purchase will go to SA now, but not really how it works. This is more buying a ticket to Universal Studios than it is buying a wand at Wizarding World.
Indirectly in the end anyone who buys gasoline or uses electricity has probably financed this purchase.
Capitalism sucks.
Public stock, so you can't pick and choose who invests in you.
In this thread? Take a guess.
Nintendo had no say in this and they don't comment on shareholders whether they are for or against them.
Wait till people realize they probably own stock in MS and Sony too.
Actually I'm here to read games thread and news but because this effect me as a Saudi gamer this investment will benefit the Saudi people and Arabs as will
There is basically nothing a publicly traded company can do to avoid shares being purchased by any particular investor.
Damn, I'm already late for the stupid "ew" posts. Live on a damn island and make your own games, produce your own oil, farm your own crops, etc, etc, etc. Not saying it's right or excuses clearly corrupt powerful people, but SOMEWHERE along the chain of crap you enjoy, you aren't gonna like the behaviour/opinion of someone. That's life, there is only so much you can boycott, and majority of you _won't_.
"We are at this moment in time undecided regarding the benefits and drawbacks of the dismemberment of the press."
while this a possibility, this is not a certainty. Nintendo has been looking into expand into the Middle East prior to this.
Didn't seem like many cared about SNK being all but owned (some even pushed it as a positive). Surprised people care about the 5% stake.
Why did you decide to post this nonsense twice, lol?
Either way, putting aside all the other reasons this sentiment is silly… the shortsightedness is incredible. This would only shield Nintendo from the nefariousness of an investor like SA for so long. Microsoft is not immune. (Look at all the other companies SA's PIF has invested in…)
Why are you pretending this is some sure thing? Pretty good chance Saudi gamers don't benefit from this at all.
this deal sucks, I don't like this anymore than you do. but the fact of the matter is that Nintendo can't control who buys the shares that they themselves put in the public market.
this is just a drawback of a publicly listed IPO
They may be Malaysian/Indonesian/Singaporean, so their phonetic spellings differ, FYI.
Ah right, i googled and apparently it can also be written as such. My bad.
5%...sounds like a lot with the money SA could throw.
And this is SA...the worst actor buying your shares.
This is one area where there should be some limits. Anyone one state promoting killing journalist maybe should be banned from buying x,y,z shares or trading?
Let's hope it stays at 5%.
And this is SA...the worst actor buying your shares.
This is one area where there should be some limits. Anyone one state promoting killing journalist maybe should be banned from buying x,y,z shares or trading?
Let's hope it stays at 5%.
As has been pointed out. But you knew that anyway.
Doesn't really change the fact nintendo are now affiliated with an "investment fund" who kill you for being gay.
It's fine though.
I know. Public stocks and all. It doesn't change the basic fact that a criminal state now owns a part of and has a vested interest in Nintendo.
Do you? It's a sovereign wealth fund. Lots of counties (most notably, those with lots of oil/gas like Norway) have them. They take all the money the country gets for their oil, invest it around the world, and then use the returns to fund government spending or social services. It's a separate thing from the prince's personal "charity", which is what bought SNK.
Such is the nature of a booming industry. We all were so happy we're living this gaming golden age, great hardware, a plethora of good games to play, tons of content to enjoy, cheaper games. But then we realized the gaming golden age also attracts all kind of business people from the less indecent to the highly indecent. Late stage capitalism meme here.
its not even remotely similar, they purchased 30 percent out the gate and from a separate private fund and not the one they used to buy Nintendo/Capcom stocks which is a state fund
That was different, it was with the personal money of a prince.
This is state money.
And the difference is…? One is better at hiding true ownership than the other?
I find focusing on news like that counterproductive and it always leads to silly arguments. We don't know who owns what as everything is obfuscated behind "funds". I don't even know what is there to discuss here. Boycott Nintendo? Stop Saudi from buying stock? Escape to the moon?
Wait til you find out what the whole world economy is affiliated with
I mean, I'm mostly wondering what happened. Not like I've kept up with this news.
I'm very much aware how SWF function. None of what you said really makes my post wrong.
No, SNK was bought into by a private entity (EGDC) owned by the crown prince of SA, not a public investment fund. Also the share of stake is astronomically higher, EGDC owns 96% of SNK shares at this point versus this public investment fund purchasing 5% of Nintendo shares.
You mean has anything changed in the company? too soon to know.
Yeah yeah, I can't be upset at this as the whole world is filled with it. Sorry.
I don't think you know how these stuff work.
Maybe educate yourself a bit better before rushing to the chance of clowning others, otherwise it shows who is the real clown here.
As this post says:
There is already a precedent of this kind of things actually happening, so it's a real possibility to see direct benefits and support to the region and it's people.
Is it a certainty? no, of course not, this is Nintendo we are talking about after all, and no one should take it as a straight confirmation
but does it raise the chance of it actually happening ? yes.
You're 100% right on this but it is also important to note that Saudi Arabia is an absolute monarchy and the country is ruled by the Al Saud. Ultimately, they are fully in control of Public Investment Fund. It makes it somewhat different than when a sovereign wealth fund is controlled by a democratically elected government.