Saudi Arabia's wealth fund takes 5% Nintendo stake

FILE PHOTO: A figure of "Mario", a character in Nintendo's "Mario Bros." video games, at a Nintendo centre in Tokyo July 29, 2015. REUTERS/Thomas Peter

TOKYO/DUBAI (Reuters) - Saudi Arabia's Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co Ltd as the sovereign wealth fund increases its exposure to the Japanese video gaming industry.

The investment in the Kyoto-based group company was made for investment purposes, a filing said, and comes as PIF has also taken stakes in video game companies Nexon, Capcom and Koei Tecmo.