Summary:
- The Public Investment Fund (PIF) of Saudi Arabia has reduced its stake in Nintendo, the Japanese video game company, after a report suggested the fund was considering increasing its ownership.
- PIF, Saudi Arabia's sovereign wealth fund, had previously increased its stake in Nintendo to around 6% in 2022, making it one of the company's largest shareholders.
- The article suggests that the reduction in PIF's stake may have been due to the report, which could have prompted the fund to reconsider its investment strategy in Nintendo.