American depository shares of Nintendo rose as much as 6% after Reuters was first to report that activist hedge fund ValueAct Capital Partners had built a stake of over $1.1 billion in the Japanese consumer electronics company, betting that digital software distribution and the development of new entertainment products will fuel new growth.
Reuters first to report ValueAct eyes Nintendo with stake of over $1.1 billion
21 April 2020, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas