The sales amount is 661 million U.S. dollars.
☆ NintendObs Weekly – Monday, August 15, 2016 – Sunday, August 21, 2016.
Notice Regarding the Sale of a Portion of Ownership in the Entity which Operates the Seattle Mariners
August 22, 2016
In the “Notice Regarding the Start of Negotiationsto Sell a Portion of Ownership in the Entity which Operates Seattle Mariners” published on April 28, 2016, Nintendo Co., Ltd. (the “Company”) announced that its wholly owned subsidiary, Nintendo of America Inc., had started negotiations to sell a portion of its ownership in First Avenue Entertainment LLLP, which operates the Seattle Mariners Major League Baseball team.
The Company hereby announces that the sale has officially been closed following approval by the Major League Baseball organization. The sales amount is 661 million U.S. dollars.
We expect that it will take some time to calculate and confirm the impact of this sale to the Company’s consolidated financial performance. After the impact has been confirmed, the Company will disclose the effect to the Company’s consolidated financial performance as necessary.
Source: Nintendo JP.
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