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Forums - Nintendo - Saudi Arabia buys 5% of Nintendo

Kakadu18 on 19 May 2022
IcaroRibeiro said:
deerox said:

I don't really  care about them owning 5%. I'm just worried that this is just the beggining and that they are planning to buy a bigger controlling share in the future.

Your worries will eventually become a reality. Better starting to accept it 

There are laws in place to prevent things like that from happening.



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IcaroRibeiro on 19 May 2022
deerox said:
IcaroRibeiro said:

Your worries will eventually become a reality. Better starting to accept it 

What makes you think that?

Because their core business (oil extrativism) won't last forever and their country is arid and mostly unproductive, a cost-effective way to drain their money is investing in business from foreign companies so they won't need to rely in a single investment/market anymore. It's not Nintendo (for now) but they will get large stakes in other companies eventually 



Kakadu18 on 19 May 2022
CaptainExplosion said:



Kakadu18 said:

There are laws in place to prevent things like that from happening.

Money talks too loud for those laws to work, especially Saudi money. Might as well accept that Peach will become Mario's punching bag in a burka and Bowser will be made into a horrific caricature of Jews. This is just how the world works and always will work, so why bother trying to fix it anymore?

Zyphe said:

Apparently, Nintendo learned of the stake only from news reports, not internally. Waiting for the Big N for an official response on this.

Wait, what? They didn't have a say in this?

Obviously they didn't have a say in this, that's how the stock market works.

And no, money is exactly why these laws exists in the first place. Nintendo is one of the most important companies in the Japanese economy and the laws I'm talking about are there to prevent hostile take overs of big important companies like Nintendo. The regulations are very strict. There is no way Nintendo would agree to sell to the Saudis and even if they did the government would probably not allow it.

With a 5% share the Saudis have zero influence on anything abd therefore nothing with their games will change.



Slownenberg on 19 May 2022
Kakadu18 said:

5% doesn't give them any power over Nintendo, not really any need to worry.

Yeah exactly. I don't see why this is news. I guess it makes them a major shareholder but I wouldn't think it would give them any power whatsoever.



Eagle367 on 19 May 2022
Shadow1980 said:
IcaroRibeiro said:

People are so dramatic

They can buy as much shares as they want, Nintendo is public traded. If you don't like how open market works, don't support free traded companies, that's all

Well, I'm a socialist, so I believe that Nintendo's employees should be the ones who own the company, collectively and equitably (note that I'm a "co-ops instead of corporations" socialist, not a "state-owned central planning" socialist).

That being said, there ought to be some sort of provision to keep authoritarian governments with a record of serious human rights abuses from buying stock in companies. There are certain other circumstances where someone can be banned from buying stocks, so why not add "conducting public summary executions for adultery or homosexuality" and "committing war crimes" to the list?

If you include war crimes,George Bush and the US government couldn't buy stocks too. Does the US government buy stocks though.



Just a guy who doesn't want to be bored. Also

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Eagle367 on 20 May 2022

As a socialist, I do hate the current way the stock market works. BUT I am not doomer. That said, parties like Republicans are going crazy and running towards fascism. India is pretty fascist currently. Everyone else needs to hunker down and oppose them. Not become doomer but prepare for the worst.



Just a guy who doesn't want to be bored. Also

Kakadu18 on 20 May 2022
CaptainExplosion said:
Kakadu18 said:

Obviously they didn't have a say in this, that's how the stock market works.

And no, money is exactly why these laws exists in the first place. Nintendo is one of the most important companies in the Japanese economy and the laws I'm talking about are there to prevent hostile take overs of big important companies like Nintendo. The regulations are very strict. There is no way Nintendo would agree to sell to the Saudis and even if they did the government would probably not allow it.

With a 5% share the Saudis have zero influence on anything abd therefore nothing with their games will change.

But they still get a share of profits from Nintendo games, right?

That's why they made the investment.



Player2 on 20 May 2022
CaptainExplosion said:
Kakadu18 said:

Obviously they didn't have a say in this, that's how the stock market works.

And no, money is exactly why these laws exists in the first place. Nintendo is one of the most important companies in the Japanese economy and the laws I'm talking about are there to prevent hostile take overs of big important companies like Nintendo. The regulations are very strict. There is no way Nintendo would agree to sell to the Saudis and even if they did the government would probably not allow it.

With a 5% share the Saudis have zero influence on anything abd therefore nothing with their games will change.

But they still get a share of profits from Nintendo games, right? Also, the link was false info?

They also make money from the oil spent to bring goods to all shops near you.



drbunnig on 20 May 2022
CaptainExplosion said:
Player2 said:

They also make money from the oil spent to bring goods to all shops near you.

Not ALL the oil, but still. And again, what false info?

I'm assuming the false info was the story saying female characters would be removed from Mario Kart.



last.fm

Kakadu18 on 20 May 2022
CaptainExplosion said:
drbunnig said:

I'm assuming the false info was the story saying female characters would be removed from Mario Kart.

Wouldn't surprise me if it was true though. Like I said before, Saudi Arabia may love money, but they love repressing women even more. That's why it baffles me that female characters haven't been outright removed from any new SNK or Capcom games.

It may also be that they just care about the money and don't interfere with the products themselves.

Once again, unless they have at least 51% of the company they don't have a say on anything. And it just so happens that Nintendo themselves own more than half of the shares.