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Japanese government sells Nintendo shares

by Ben Parfitt
Monday, February 26th 2007 at 10:15AM GMT

Platform holder Nintendo’s share market value took a dip over the weekend as it was announced that the Japanese government is to sell its $554 million stake in the firm.

Next Generation reports that shares in Nintendo have risen by 43 per cent in the last six months – compared with a global average rise of 14 per cent. Following the news, prices dropped by 2.7 per cent over the weekend.

It is thought that Nintendo has sought the release of the shares in order to add more liquidity to the market and to increase the number of individual shareholders.

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