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Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo.
ValueAct is on the boards of Microsoft and Adobe and is looking at Nintendo's potential to become a broader digital entertainment company. https://www.reuters.com/article/us-nintendo-valueact-exclusive/exclusive-valueact-eyes-nintendo-with-stake-of-over-1-1-billion-letter-idUSKCN2232VT
ValueAct is on the boards of Microsoft and Adobe and is looking at Nintendo's potential to become a broader digital entertainment company. https://www.reuters.com/article/us-nintendo-valueact-exclusive/exclusive-valueact-eyes-nintendo-with-stake-of-over-1-1-billion-letter-idUSKCN2232VT
Activist investor doesn't mean what you think btw.
It means they are essentially interested in the company because they want to make changes or push the company in a certain direction.
In this case they want to push the digital entertainment/media services angle.
It means they are essentially interested in the company because they want to make changes or push the company in a certain direction.
In this case they want to push the digital entertainment/media services angle.
ValueAct first began buying the stock in April 2019 and has grown its position.
Essentially it looks like the 'digital transition' isn't going as smooth as they want and they believe they can provide value / pivot the company to become one of the largest digital media services.
Essentially it looks like the 'digital transition' isn't going as smooth as they want and they believe they can provide value / pivot the company to become one of the largest digital media services.
Nintendo stock (NTDOY) up 4.20% on the news.
Ultimately it's a small stake in the firm. Could provide valuable guidance as Nintendo continues its digital transformation in software and services.
Ultimately it's a small stake in the firm. Could provide valuable guidance as Nintendo continues its digital transformation in software and services.
