While Nintendo’s Animal Crossing has become the breakout hit of the Covid-19 era, fueling sales of the Switch console, one major test in coming years will be how its next-generation device matches up against Microsoft’s and Sony’s machines. — AFP
Activist investor ValueAct Capital has built about a US$1.1bil (RM4.80bil) stake in Nintendo Co, betting the company behind Mario and Zelda could become one of the world’s largest digital media empires.
The fund said it’s bought 2.6 million shares, equivalent to just over 2% of the company and valued at around 119.6tril yen (RM4.85tril) based on Tuesday’s close. It’s held discussions with Nintendo’s management about long-term strategy, ValueAct said in a statement without disclosing price or other details.
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