The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing.

Saudi’s trimming of its stake in Nintendo was noted in a Japanese regulatory filing this week, as reported by CNBC. According to the filing, the Saudi PIF has reduced its overall stake in the company from 8.58 percent down to 7.54 percent. It’s a sizeable trim, but the PIF still remains one of the largest investors in the company.

Saudi Arabia’s Public Investment Fund has now decreased their stake in Nintendo Co. Ltd. in Japan.

LONDON (Reuters) - Saudi Arabia's Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth around $1 billion in DAZN, the sports-streaming group backed by billionaire Len Blavatnik, two people with knowledge of the matter said.

The transaction sees Signa, the Austrian property giant, fully bought out from its ownership of Selfridges after its collapse earlier this year

Deal could increase Saudi fund's influence in European football, as DAZN is a partner for Italy's Serie A, Spain's LaLiga, Germany's Bundesliga and France's Ligue 1.

Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40 per cent stake in retail giant Selfridges. PIF announced that it will form a strategic partnership with Central Group, a leading retail, real estate and hospitality conglomerate, following PIF’s acquisition of a 40 per cent interest in the retail giant.

Saudi Arabia’s Public Investment Fund has reduced its stake in Japanese gaming company Nintendo. According to a Japanese regulatory filing, the firm cut its stake in Nintendo by 1.04% from 8.58% to 7.

Saudi Arabia has become involved in various parts of the gaming industry, and the country is interested in growing its partnership with Nintendo.

Saudi Arabia's Public Investment Fund sold around 17.3M shares of Nintendo between Aug. 21 and Oct. 1, reducing its stake in the company to 7.54% from 8.58%, the report added, citing a filing to Japan's Finance Ministry.