Current Events > Saudi Arabia raises stake in Nintendo from 7.08% to 8.26% overnight

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SocialistGamer
02/17/23 2:13:03 PM
#1:


https://www.middle-east-online.com/en/saudi-sovereign-wealth-fund-now-holds-826-nintendo-stock

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ellis123
02/17/23 2:15:49 PM
#2:


First they buy Texas, then they buy Twitter, and now they buy Nintendo. Will this madness never cease?

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ThunderTrain
02/17/23 2:16:32 PM
#3:


Wheres the boycott?

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AloneIBreak
02/17/23 2:17:30 PM
#4:


Something something boycott. Something something moral high ground.

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MuscleRobo
02/17/23 2:19:50 PM
#5:


Legitimately being bought by Saudi Arabia has been shown to be less intrusive than getting involved with Americans. When SNK was bought out by Saudi Arabia people joked about Mai wearing a burqa but look at it compared to Street Fighter and other fighting games and it's the only one who even had "sexuality" listed in its Teen rating. If they're hands off good for them, great for them! I just don't want my games edited for "foreign sensibilities" like Sony Santa Montica or Capcom USA loves.
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s0nicfan
02/17/23 2:20:45 PM
#6:


It's going to be a real wake up call for them when they try to assert any kind of influence and Nintendo just shrugs them off, both because they are literally protected by Japanese law from any sort of takeover and also because they have enough cash in the bank to suffer something like 50 straight years of losses, so any threat by the Saudis to dump their stock won't hold any sway.

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refmon
02/17/23 2:22:12 PM
#7:


ThunderTrain posted...
Wheres the boycott?


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A_Good_Boy
02/17/23 2:23:58 PM
#8:


They'll stop at nothing to see Zelda in a hijab and Samus in a burqa.

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FatAnimeBooty
02/17/23 2:26:14 PM
#9:


Is that why I lost a whole $1.50 on my Nintendo stocks today!?!?!?
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s0nicfan
02/17/23 2:26:38 PM
#10:


A_Good_Boy posted...
They'll stop at nothing to see Zelda in a hijab and Samus in a burqa.

https://gamefaqs.gamespot.com/a/user_image/1/3/3/AABJX0AAEMV9.jpg

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#11
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MuscleRobo
02/17/23 2:28:47 PM
#12:


A_Good_Boy posted...
They'll stop at nothing to see Zelda in a hijab and Samus in a burqa.

MuscleRobo posted...
Legitimately being bought by Saudi Arabia has been shown to be less intrusive than getting involved with Americans. When SNK was bought out by Saudi Arabia people joked about Mai wearing a burqa but look at it compared to Street Fighter and other fighting games and it's the only one who even had "sexuality" listed in its Teen rating. If they're hands off good for them, great for them! I just don't want my games edited for "foreign sensibilities" like Sony Santa Montica or Capcom USA loves.

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Teddytalks
02/17/23 2:28:48 PM
#13:


s0nicfan posted...
It's going to be a real wake up call for them when they try to assert any kind of influence and Nintendo just shrugs them off, both because they are literally protected by Japanese law from any sort of takeover and also because they have enough cash in the bank to suffer something like 50 straight years of losses, so any threat by the Saudis to dump their stock won't hold any sway.
I have never seen evidence for the Japanese law claim.
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s0nicfan
02/17/23 2:34:47 PM
#14:


Teddytalks posted...
I have never seen evidence for the Japanese law claim.

The article below provides some details around the rule in general, but there's a link at the bottom to the full list of the 6,000 or so companies protected by it, of which Nintendo is one. According to the article, there's a 10% maximum for any company on that list. The article is highlighting other businesses that have a new tighter threshold of 1%.

https://www.reuters.com/article/us-japan-investment-mof/japan-tightens-rules-on-foreign-stakes-in-518-firms-citing-national-security-idUSKBN22K0Z0

Edit:
The link is an Excel spreadsheet. Nintendo is row 3067

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KiwiTerraRizing
02/17/23 2:36:19 PM
#15:


I guess Prophet Muhammad being in the next smash is out.

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Giant_Aspirin
02/17/23 2:53:34 PM
#16:


[LFAQs-redacted-quote]


I don't think it's because "Nintendo did something wrong", but more "Saudi Arabia has committed numerous human rights violations and we don't want to support them".

note that I am not calling for a boycott.

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HylianFox
02/17/23 2:55:20 PM
#17:


Giant_Aspirin posted...
I don't think it's because "Nintendo did something wrong", but more "Saudi Arabia has committed numerous human rights violations and we don't want to support them".

note that I am not calling for a boycott.

In that case we should boycott cars, because of oil and such

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theAteam
02/17/23 2:57:23 PM
#18:


I think they are just diversifying investments as they slowly realize the oil money won't keep coming forever. I don't think they're trying to take it over or change anything. Large funds tend to buy over time like this because if they bought all at once the stock price would spike up which would drastically increase how much they have to pay for each share while they continue buying.

They just have a fuckton of money which is why they are buying so much.

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Left4Doge
02/17/23 2:57:25 PM
#19:


s0nicfan posted...
It's going to be a real wake up call for them when they try to assert any kind of influence and Nintendo just shrugs them off, both because they are literally protected by Japanese law from any sort of takeover and also because they have enough cash in the bank to suffer something like 50 straight years of losses, so any threat by the Saudis to dump their stock won't hold any sway.
I highly doubt they try to actually do anything with the stock they own besides make money with it. These moves honestly feel like them trying to insulate themselves from the future (being an oil rich country and all)

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geno_16
02/17/23 3:31:29 PM
#20:


Left4Doge posted...
I highly doubt they try to actually do anything with the stock they own besides make money with it. These moves honestly feel like them trying to insulate themselves from the future (being an oil rich country and all)
This is exactly what it is. The Saudi's aren't stupid. They can see that the era of oil is coming to an end, and something like 80% of their current economy is linked to oil. If they just sit on their hands and do nothing then when that bubble bursts their economy will collapse and the royal family's lavish lifestyle will disappear. So instead they're trying to get ahead of the game now by investing their money in businesses and technologies that will still exist in 100 years when oil no longer does.
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FortuneCookie
02/17/23 3:49:05 PM
#21:


This makes me sick to my stomach to see them buying into Nintendo and Disney.

Unless you're sitting in the dirt poking at rocks with a stick, you're contributing to the abuse of women in the Middle East.
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Questionmarktarius
02/17/23 3:51:21 PM
#22:


Saudi Arabia is about to have a "Juan Carlos" moment. Just wait.
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Baha05
02/17/23 3:52:11 PM
#23:


Questionmarktarius posted...
Saudi Arabia is about to have a "Juan Carlos" moment. Just wait.
A what?

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Compsognathus
02/17/23 3:52:58 PM
#24:


s0nicfan posted...
It's going to be a real wake up call for them when they try to assert any kind of influence and Nintendo just shrugs them off, both because they are literally protected by Japanese law from any sort of takeover and also because they have enough cash in the bank to suffer something like 50 straight years of losses, so any threat by the Saudis to dump their stock won't hold any sway.
It's less of a concern that they will influence Nintendo and more that my 8% of my purchase of Fire Emblem: Engage is financially supporting an incredibly oppressive regime that shits on all manner of human rights.

It just isn't a particularly good feeling.

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s0nicfan
02/17/23 3:55:45 PM
#25:


Compsognathus posted...
It's less of a concern that they will influence Nintendo and more that my 8% of my purchase of Fire Emblem: Engage is financially supporting an incredibly oppressive regime that shits on all manner of human rights.

It just isn't a particularly good feeling.

Fair point, but this is definitely one of those cases where that sort of concern touches literally every aspect of everyone's lives.

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Prestoff
02/17/23 3:57:34 PM
#26:


They really want to cover up Princess Peach

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crayola555
02/17/23 3:59:15 PM
#27:


Compsognathus posted...
It's less of a concern that they will influence Nintendo and more that my 8% of my purchase of Fire Emblem: Engage is financially supporting an incredibly oppressive regime that shits on all manner of human rights.

It just isn't a particularly good feeling.


Well that's just how things work then. It's not like Nintendo can come out and say they don't want the Saudis investing into their company, and delist them from buying into their stock. Nintendo is a publicly traded company.

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Questionmarktarius
02/17/23 4:00:40 PM
#28:


Baha05 posted...
A what?
https://en.wikipedia.org/wiki/Juan_Carlos_I

tl;dr
  1. Francisco Franco was an asshole who ruled Spain for quite awhile.
  2. Franco set up Juan Carlos to be his successor, with the belief that an absolute Spanish monarchy would be re-established.
  3. Franco died.
  4. Juan Carlos basically said "fuck that" and reformed the shit out of Spain.
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Compsognathus
02/17/23 4:00:53 PM
#29:


s0nicfan posted...
Fair point, but this is definitely one of those cases where that sort of concern touches literally every aspect of everyone's lives.
Undoubtedly. And I'm not calling for a boycott or saying that people who buy Nintendo products are pro-Saudi. But it is good to know where the money you spend is going, especially on non-essential luxury goods.

Like there is a difference between my buying gasoline, which I need to live and me buying my anime chess game. Even if they both support the same monstrous regime.

And people absolutely should raise complaints and criticism about the ownership, even if they don't go full boycott because customers should be aware and Nintendo should feel some pressure.

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#30
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Questionmarktarius
02/17/23 4:03:50 PM
#31:


[LFAQs-redacted-quote]

Saudi Arabia is much more likely to change, though.

Outside of brutally dismembering the occasional reporter, the various Saudi princes are desperate for the country to stop being a punchline, and are keen on reforms.
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s0nicfan
02/17/23 4:04:52 PM
#32:


Compsognathus posted...
Undoubtedly. And I'm not calling for a boycott or saying that people who buy Nintendo products are pro-Saudi. But it is good to know where the money you spend is going, especially on non-essential luxury goods.

Like there is a difference between my buying gasoline, which I need to live and me buying my anime chess game. Even if they both support the same monstrous regime.

And people absolutely should raise complaints and criticism about the ownership, even if they don't go full boycott because customers should be aware and Nintendo should feel some pressure.

Another good point, and I'm actually going to suggest going even harder on your last point. Conceptually boycotts are a great way of voicing displeasure with a company, but I think sometimes people lose the forest for the trees and end up doing significant harm to innocent developers that really have no say in the matter in order to make a point. Riding that fine line between making a statement about harm while minimizing the harm you create yourself is it difficult thing.

The eternal question is, of course, where is that line. If everybody boycotts or review bombs an EA product, for example, and it results in none of the developers getting their performance bonus and inevitably the entire studio being shuttered, was that harm worth the good that the message may have done?

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itachi15243
02/17/23 4:05:07 PM
#33:


I just started playing Zelda again

Man I hope Nintendo does TotK right

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crayola555
02/17/23 4:17:00 PM
#34:


Compsognathus posted...
Undoubtedly. And I'm not calling for a boycott or saying that people who buy Nintendo products are pro-Saudi. But it is good to know where the money you spend is going, especially on non-essential luxury goods.

Like there is a difference between my buying gasoline, which I need to live and me buying my anime chess game. Even if they both support the same monstrous regime.

And people absolutely should raise complaints and criticism about the ownership, even if they don't go full boycott because customers should be aware and Nintendo should feel some pressure.


What a silly point. If you bought gas for your car from them, then you are supporting them. There's no such thing like buying "essentials" or buying novelty items, you paid for one of their products and they benefited from it. Also oil and gas are their main money maker. Their other investments are just side hustles, I guarantee if you don't buy a single box set of their anime chess game they wouldn't even care at all since they get 90% of their income from your gas money anyway.

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Prestoff
02/17/23 4:19:00 PM
#35:


I'll just say this, pick and choose your battles. We all have our own morals and principals we follow and more power to you if you have the ability to purchase something else more "ethical". Just don't be an asshole about it to other people if they don't follow it.

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Questionmarktarius
02/17/23 4:22:09 PM
#36:


Prestoff posted...
I'll just say this, pick and choose your battles. We all have our own morals and principals we follow and more power to you if you have the ability to purchase something else more "ethical". Just don't be an asshole about it to other people if they don't follow it.
aka: vote with your wallet, not mine.
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Snip-N-Snails
02/17/23 4:24:14 PM
#37:


People are seeing it as concerns over Saudi Arabia potentially influencing Nintendo but what if it's the other way around? Nintendo could use their wholesome, secular, and relatively progressive games and media to influence the Saudis to become more open-minded.

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#38
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Dakimakura
02/17/23 7:34:54 PM
#39:


Snip-N-Snails posted...
People are seeing it as concerns over Saudi Arabia potentially influencing Nintendo but what if it's the other way around? Nintendo could use their wholesome, secular, and relatively progressive games and media to influence the Saudis to become more open-minded.

Religious fanatics are known for their open-mindedness.

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BearlyWilling
02/17/23 7:36:15 PM
#40:


MuscleRobo posted...
Legitimately being bought by Saudi Arabia has been shown to be less intrusive than getting involved with Americans. When SNK was bought out by Saudi Arabia people joked about Mai wearing a burqa but look at it compared to Street Fighter and other fighting games and it's the only one who even had "sexuality" listed in its Teen rating. If they're hands off good for them, great for them! I just don't want my games edited for "foreign sensibilities" like Sony Santa Montica or Capcom USA loves.

Touch grass and maybe a real woman (if you have consent! )

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t5yvxc
02/17/23 7:39:38 PM
#41:


Compsognathus posted...
It's less of a concern that they will influence Nintendo and more that my 8% of my purchase of Fire Emblem: Engage is financially supporting an incredibly oppressive regime that shits on all manner of human rights.

It just isn't a particularly good feeling.
Unless you plan to live like a Mormon or hermit away from modern technology you're going to have to get over it.

Almost every clothing you where, electronics you use and products you use is made, produced or sold by bad people. So you mind as well have that bad feeling for everything you use.

Also before anyone hides behind the "essential" excuse, many of things people call essential, are not actually essential.
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#42
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SHRlKE
02/17/23 10:18:07 PM
#43:


It comes across people dont want Saudi to get better for some reason.

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hockeybub89
02/17/23 10:20:04 PM
#44:


SHRlKE posted...
It comes across people dont want Saudi to get better for some reason.
Is buying into Nintendo gonna overthrow their oppressive government that treats women and LGBTQ minorities like subhuman trash?

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SHRlKE
02/17/23 10:21:56 PM
#45:


Thats an awfully simplistic way of looking at things. Cultural changes take generations to fox. They are making the first steps towards that and that should be commended.
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hockeybub89
02/17/23 10:23:10 PM
#46:


SHRlKE posted...
Thats an awfully simplistic way of looking at things. Cultural changes take generations to fox. They are making the first steps towards that and that should be commended.
It took almost no time for Saudi Arabia to regress to this point.

Evil people must be punished. Saudi Arabia and China should be cut off like Russia.

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#47
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#48
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MedeaLysistrata
02/17/23 10:42:02 PM
#49:


[LFAQs-redacted-quote]

i noticed you stopped making wife topics?

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