Government-backed company to sell Nintendo shares
Nearly 2 million shares, or 1.4% of Nintendo’s shares outstanding, will be made available to the public next week, after a state-backed corporation decided to entrust the shares to a trust bank. The shares are collectively worth about 67.3 billion yen, or $554 million when converted to USD.
I guess now’s as good a time as any to be cashing in on Nintendo’s success – though I’m not exactly sure that’s the reason for the sales.
