Nintendo sells majority stake in the Mariners for $661 million
Posted on 8 years ago by Brian(@NE_Brian) in General Nintendo, News | 10 Comments
We’ve known for a few days now that Major League Baseball has approved the sale of Nintendo of America’s majority stake in the Seattle Mariners. An additional notice has since been posted on Nintendo’s investor relations website, confirming a sales amount of $661 million.
Just like we heard last week, “it will take some time to calculate and confirm the impact of this sale”. Nintendo intends to share this information once it’s available.
Nintendo of America still retains 10 percent ownership in the Mariners.
Today’s latest notice can be found below.
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Nintendo’s sale of Seattle Mariners finalized
Posted on 8 years ago by Zack in General Nintendo, News | 0 comments
Nintendo’s sale of the Seattle Mariners, a baseball team in which Nintendo has owned shares in for some time now, has officially been finalized by the MLB. Nintendo is to retain a 10% share in the team, with the remainder of its holdings to be sold off.
As part of the sale and transistion, current CEO Howard Lincoln has retired from his daily duties and been replaced by John Stanton as the chairman and CEO, who will also act as a Major League Baseball Control Person for the franchise. Lincoln will continue to represent Nintendo’s ownership interests for the team, acting as a member of the FAE Board of Directors. The financial impact of the sale to Nintendo will be incorporated into the company’s next quarterly financial report.
