Saudi Arabia sets sights on acquiring a bigger stake in Japanese developers

Update – Monday 7th October: Savvy Games Group says its interest is not specific to acquiring a larger stake in Nintendo, but in all Japanese gaming companies.
Furthermore, it wished to stress that Prince Faisal is the vice chair of Savvy Games Group and not an official spokesperson for the Public Investment Fund (PIF).
Original story follows.

Original story, 6th October:Saudi Arabia’s sovereign wealth fund is considering increasing its 8.58 percent stake in Nintendo.
According to Kyodo news and spotted by VGC, Savvy Games Group’s vice chair confirmed plans to diversify its hitherto oil-dependent economy by strengthening its gaming and entertainment businesses.

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