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Forums - Nintendo Discussion - Saudi Arabia buys 5% of Nintendo

Eagle367 said:

Sauds know the age of oil isn't gonna last that long so they are getting their grubby little hands in all sorts of places around the world. I hope the sauds fall and then a democratic people's republic of Arabia can have all these shares in different nations. Sadly don't see any indication of that happening soon.

Yup, the writing's on the wall. Increased oil prices are forcing countries into investing in other energy sources and Saudi Arabia is well aware that their days of relying on huge oil profits are numbered. It's funny because they are making some solid investments. It's just a shame that they're the ones doing it. Oh well, silver lining this may bolster my stocks in Nintendo.



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drbunnig said:

How is Captain Explosion gonna feel about this?

LMAO

First thing that came to my mind when I saw this thread too xD

Poor Captain Explosion lol



    

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Captain Explosion means well. But he usually need to chill out and think it over. I agree with a lot of his politics but not with his prescriptions because they are not that well thought out



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FYI, if you look into the largest stock holders of many publicly traded companies you will find banks, because banks are looking for a place to invest their money. The stock market is a natural place where large financial entities look to invest. Well, the Saudi government is also a large financial entity, so they are buying stock in publicly traded companies, like Nintendo, because they need to invest their money somewhere.



IcaroRibeiro said:
deerox said:

So if i'm not a of fan of every stock purchase that ever happens I shouldn't be buying any products from a publicly traded company? That's an insane mentality.

If you start to get upset over stocks from mega corporations being brought and sold, that's when you will truly get insane

Boycotting is the only thing you can do if you don't want to support the shareholders. Or you can buy their stocks instead, if you have the money 

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.

Last edited by deerox - on 19 May 2022

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deerox said:
IcaroRibeiro said:

If you start to get upset over stocks from mega corporations being brought and sold, that's when you will truly get insane

Boycotting is the only thing you can do if you don't want to support the shareholders. Or you can buy their stocks instead, if you have the money 

I don't really that care that 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.

That's what they did to SNK, they bought like 5% I think in 1 year ago then bought 90% of SNK this year.



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SNK and Crown Prince First it was 33% in November 2020 then it exploded in 51% then bought 96%



Cute and honest Sega Saturn fan, also noone should buy Sega grrrr, Sega for life.

deerox said:
IcaroRibeiro said:

If you start to get upset over stocks from mega corporations being brought and sold, that's when you will truly get insane

Boycotting is the only thing you can do if you don't want to support the shareholders. Or you can buy their stocks instead, if you have the money 

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.

Considering they own soccer teams in Europe I don't really see the issue with them owning gaming companies. It's not like they will compromise the core business, they are investing to get profits, not different as any big head bank or holding owners 



SegaHeart said:
deerox said:

I don't really that care that 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.

That's what they did to SNK, they bought like 5% I think in 1 year ago then bought 90% of SNK this year.

Not that Saudi Arabia doesn't have the money, but the controlling stake in SNK was less money than buying 5% of Nintendo.  It would take one hell of an offer for Nintendo to allow someone else to buy a controlling stake in its company.



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?



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