Reuters first to report ValueAct eyes Nintendo with stake of over $1.1 billion

21 April 2020, 12:00 am 1 minute

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.

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Type: Reuters Best

Sectors: Equities

Regions: Americas

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Reuters first to report ValueAct eyes Nintendo with stake of over $1.1 billion

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