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

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?

Lets hope Nintendo buys back shares and Nintendo goes into Private Company from now on? I think Private companies are harder?

Last edited by SegaHeart - on 19 May 2022

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

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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.



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

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

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.



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Eagle367 said:

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.

The only other idea I have is if we bought Nintendo shares to counter this situation, but I doubt enough of us have that kind of money.



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.



Player2 said:
CaptainExplosion said:

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.

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



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.



drbunnig said:
CaptainExplosion said:

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.

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.