Saudi Arabia Now Owns 5% Of Nintendo

Saudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01 percent stake in Nintendo.

Video games aren’t the only entertainment industry in the PIF’s sites. Hollywood has been no stranger to Saudi cash in recent years, and sporting teams and competitions have likewise been a top priority for the Crown Prince.