(This Oct. 5 story has been officially corrected to say that PIF sees raising its stakes in Japanese gaming firms as a ‘possibility,’ in the headline and in paragraph 1)
TOKYO (Reuters) – Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) sees raising the stakes it holds in Japanese gaming companies as “a possibility,” the vice chairman of the fund’s gaming entity said, Kyodo News reported.
Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund’s gaming unit, made the comments in an interview with Kyodo.
He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way. The Kyodo report did not specify what he meant by “friendly”.
PIF currently owns 8.58% of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo, Kyodo said.
(Reporting by Makiko Yamazaki; Editing by Sonali Paul)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.