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RIYADH: Saudi Arabia’s Public Investment Fund has announced a 5.01 percent stake in Japanese multinational video game company Nintendo Co. amid efforts to propel the country’s gaming industry, Bloomberg reported, citing a filing to Japan’s Finance Ministry. While the acquisition was made for investment purposes, it also makes the PIF Nintendo's fifth largest shareholder. The

Saudi Arabia's Public Investment Fund (PIF), a near-endless pool of cash entrusted with diversifying the country's economy, just purchased a 5.01% share in Nintendo. What else did this mega-wealthy fund get its hands on?

RIYADH: Last April, top strategy and consulting firm Accenture estimated that the global gaming industry exceeded $300 billion, much more than the combined market of music and movies. The industry added 500 million new gamers between 2019 and 2021. And that was just the beginning. Driven by the surge in mobile gaming and the urge for social interaction during the pandemic, the

/PRNewswire/ -- According to the market analysis report, Arcade Gaming Market will witness a YOY growth of 1.63% in 2022 at a CAGR of 1.85% during the forecast...

/PRNewswire/ -- According to the market analysis report, Arcade Gaming Market will witness a YOY growth of 1.63% in 2022 at a CAGR of 1.85% during the forecast...