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Japanese Gov’t Sells Stake in Nintendo

According to a report on Gamasutra, the Japanese government has sold off its stake in Nintendo at the request of Nintendo.  The gov’t held 1.4 percent of Nintendo’s shares valued at 67.2 billion yen ($577.4 million US), with the sale of the shares causing a temporary dip in stock value of 2.7%.

Nintendo claims to have asked for the shares to be sold in order to increase the overall number of shareholders in the company, and to increase liquidity.

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