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& #39;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">https://www.reuters.com/article/u...

Activist investor doesn& #39;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.

ValueAct first began buying the stock in April 2019 and has grown its position.

Essentially it looks like the & #39;digital transition& #39; isn& #39;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& #39;s a small stake in the firm. Could provide valuable guidance as Nintendo continues its digital transformation in software and services.