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Nintendo nets $661 million from Seattle Mariners sale
Nintendo has sold the majority of its controlling stake in the Seattle Mariners baseball team, after announcing the deal earlier this year.
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Newsbrief: Nintendo has sold the majority of its controlling stake in the Seattle Mariners baseball team.
The Japanese video game juggernaut has made $661 million from the sale, which was closed earlier this week following MLB approval.
The sale was initially announced in April, after Nintendo reported a drop off in both sales and profits for its most recent fiscal year.
A 10 percent stake has been retained by the console maker, with former Nintendo of America chairman Howard Lincoln representing the company on the Mariner's board of directors.
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