Nintendo completes buyback as founding family sells shares

Nintendo completed its 114 billion-yen (€832 million) share buyback today as members of the founding Yamauchi family sold some of their holdings.

4th February, 2014
Nintendo's iconic Mario character.

Nintendo, the world’s biggest maker of video-game machines, completed its 114 billion-yen

(€832 million) share buyback today as members of the founding Yamauchi family sold some of their holdings.

The company bought back 9.5 million shares, or about 7.4 per cent of its outstanding stock, at yesterday’s closing price of 12,025 yen apiece, according to the website of the Tokyo Stock Exchange. The heirs to former chief executive Hiroshi Yamauchi, who owned about 10...

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