Activist investor ValueAct builds over $1.1b stake in Nintendo

Activist investor ValueAct builds over $1.1b stake in Nintendo

REUTERS/Issei Kato

Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo, according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese consumer electronics company.