ValueAct Owns 2% of of Nintendo
1Nintendo has been in talks with ValueAct for quite some time now. ValueAct Capital investing $1.1 billion US in Nintendo Co., Ltd. and 2.6 million of the shares. This means that ValueAct owns roughly two per cent of Nintendo. Two reasons why the investment makes sense is due to ValueAct believing Nintendo will be much more popular in the future by expanding on its brands to new endeavors such as collaborating with Illumination with a Super Mario Bros. movie, branching its Super Mario IP to three theme park locations, working with LEGO, and releasing games on mobile devices.
Nintendo has had a great few years with its success of the Switch. More major third-party games are coming to the platform, so many games that many did not expect to see this happen. However, the Nintendo Switch Online service has not lived up to its competitors counterparts like PlayStation PLUS or Xbox Game Pass. Those two continually get praised. Nintendo is also not always doing as well as they wish to with mobile titles. Animal Crossing: Pocket Camp, Fire Emblem: Heroes, and Mario Kart Tours were winners for the company; on the other hand, Super Mario RUN, Miitomo, (which shut down) and the Nintendo Switch Online app were met with disappointment. Nintendo and ActValue seem to believe that this will help them quite a bit.
What do you think? Let everyone know below.
Bloomberg: https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-04-22/activist-places-1-billion-bet-on-nintendo-becoming-media-giant
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