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Saudi Arabia's Public Investment Fund took a 5.01% stake in Nintendo
- Thread starter Arubedo
- Start date
It would be nice to limit comments in a thread only to people who actually get, in this case, how shares work.
yeah of course but i was just saying that this investissement doesn't mean they will buy nintendo, and for a lot of people this is very important
But yeah it's bad, either way since they will make money of it
They'll care about Tencent tbf. But you're right about the leader of the warcrimes industry at least.
You know what's actually overreacting? Dismembering the people talking shit about you online.
That you are right with this doesnt make it good, i dont want to fund a journalist killer with my Nintendio game purchase tbh
No idea on percentages, but this article from last year should indicate how aggressive Nintendo can be with their own shares.
Would love to know what's 'good' about this, but your three posts in 5 years tells me I shouldn't be expecting a response.
And no fucking shit, other armed imperialist nations buying stock in this wouldn't be welcomed either. Real hot fucking take right there.
That is the case, yes. Given Saudi Arabia's human rights record I am very wary of using services that line the pockets of a regime responsible for one of the the biggest humanitarian crises of the 21st century.
I am aware that this shares acquisition isn't an endorsement by Nintendo of these same values. But from a consumer point of view the financial impact of investing in Nintendo products is still the same.
User warned: Whataboutism
And you are ok to fund the terrorist countries (USA, Canada and Europe ) who killed millions of innocent people in Iraq Afghanistan syria etc
I didn't see people crying with those countries like they did with Saudi Arabia
That makes no sense. Buybacks would increase PIFs ownership of Nintendo
A) people complain about the CCP (and influence of companies like Tencent) all the fucking time
B) Still waiting on the explanation for "good news"
If that's bad, what part of this makes it good news for you, considering Saudi Arabia is doing the same thing in Yemen. It's an extremely weird whataboutism when you just publicly voiced your support for the exact same shit.
Say what you want about MBS, but the guy knows that oil is a ticking time bomb and is acting accordingly. These investments have practical purposes because in a few decades' time it won't really matter how much oil you have.
There's a difference between a government fund and a general investment fund with a nominal HQ in whatever country. Don't be dense.
There is a lot of fear-mongering and misinformation in this thread. While this isn't great news Nintendo is a publicly-traded company. All an entity needs to own a "piece" of Nintendo is money and desire. That doesn't mean they have any say into Nintendo operationally; they don't. And please don't take this post as approval in any way of SA and the way they've handled themselves on the global stage. I condemn them in the strongest possible terms. However, the PiF is massive and has insane buying power. They're also one of the least transparent wealth funds out there so any time we find out who they're investing in this happens. For some perspective they have stakes in Disney, Meta, Boeing, CitiGroup, Bank of America, Berkshire Hathaway, BP, Uber, SoftBank, Capcom, Nexon, EA, Ubisoft, and dozens (if not hundreds) of other companies. They own a football team. They took over SNK. Etc.
No it wouldn't.
They have stakes in almost every major video game publisher and they'll probably buy shares in the ones they don't before long.
People fear another SNK takeover thing happening.
Yeah MBS sucks, but with the stock market Nintendo can't control who buys shares.
Any person genuinly worried about saudi moneys is roughly 40 years to late
Try imagine Mr Bone Saw getting home after a day of "tough" decisions, sitting there with his family playing Mario Kart.
Yes they're going hard in that sector. I tried to only include names that could be easily confirmed.
Then they couldn't drop their hot take and not come back.
There's nothing 'good' about this. Thats the point. We can't say that it is a good thing. I don't think people are saying that its okay for others to do like Saudis are doing criminal stuff. Although 'caring' about stuff thats happening around he world is a thing i have strong opinions on as a 3rd worlder but thats another topic.
Probably nothing, 5% means they believe in their investment on Nintendo and the company's future.
When it comes to defending Nintendo I'm as quick as the next Mario fan, however other realms like sports media are heavily discussing the golfing worlds current fraternising with this regime. It's "happened" rather than "happening" - in real time - so the on-going reporting and increased scrutiny is of course welcome.
For many, the Olympics and the millions involved (people or currency, you choose) are but one element full of people like us who might face choices like this….more regularly than any of us. For decades now. Do I keep pursuing my dream of sporting excellence in competitive Twister or boycott the host country?
Hope further reports are more focused, in future, if further investment increases in the market, as it were.
For many, the Olympics and the millions involved (people or currency, you choose) are but one element full of people like us who might face choices like this….more regularly than any of us. For decades now. Do I keep pursuing my dream of sporting excellence in competitive Twister or boycott the host country?
Hope further reports are more focused, in future, if further investment increases in the market, as it were.
The only thing this means is that it's good for Nintendo (and Saudi Arabia), it won't have an impact on operations
How is "making money off of dividend paid by Nintendo's profits" equal to meaning "literally nothing"?
You could argue: it won't change Nintendo's decision making or the way Nintendo operates and it likely won't, but part of every purchase we now do for Nintendo consoles ends up in their pockets. Also, 5% is quite big. Big shareholders can make a difference in (high level) policy or direction at times.
it depends on whether the repurchased shares are retired or not, but either way it wouldn't do anything to reduce PIF's ownership
not to bring technicality into this argument but PIF is the Sovereign Wealth Fund of the Saudis which the Crown (MBS) controls and besides there is a lot of backlash here when Tencent which is heavily backed by the CCP also makes moves like this.
any moves like this made by people have literal blood on their hands is concerning and I have seen it being voiced out here.
Sir, step into any Tencent investment thread.
Edit: Ah nvm, you are a burner account that is aiming to derail the topic.
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"tencent is heavily backed by the CCP" is not exactly the whole story
China's tech crackdown widens to Tencent from Alibaba
Communist Party scrambles to rein in country's online giants
asia.nikkei.com
This is honestly one of the more out there moral grand standings I've seen in here when it comes to the subject matter of…
*reads thread title*
Public stock purchases.
*reads thread title*
Public stock purchases.
only the majority shareholder makes or breaks decisions, a minority shareholder doesn't have much of a say in the company.