The game company Nintendo is surging nearly 5 percent on the Tokyo Stock Exchange after reports that the Saudi investment fund Pif is now considering expanding its ownership in the Japanese company.
Pif is already one of the largest owners with 8.6 percent of the company, but Saudi Arabia has been clear that it wants the country to become a center for the gaming industry and has therefore invested heavily in companies such as Chinese Tencent and Activision Blizzard, the latter now part of Microsoft.
