Nintendo sells majority stake in the Mariners

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Acevil said:

TheLastStarFighter said:

lol, no.  A baseball team is not worth $6 billion.

THey announced they  were seling earlier.  Now they have announced they have actually sold, and for how much.

Oh, that makes sense, so they still own the 10%?

Next time I will click the article and read the contents, ya you are right, and they still own the 10%. (I just thought the OP carried over the important parts).

Yamauchi owned a 55% share of the Seattle Mariners team.  In 2004, Yamauchi transferred ownership of the Seattle Mariners to Nintendo of America.  

Nintendo of America has now sold 45% of the Team for $661 Million and is retaining a 10% share of the Team, that means the Team was using a valuation of around $1.47 Billion.