Yamauchi sells out!
by Billy Berghammer - 5:57 pm EST
Source: Reuters
But it's for the love of the company, really! No really! Economics is a very strange thing.
Yamauchi is planning to gain some funds for GameCube and GameCube developers by selling off, and then repurchasing his 1.18 million shares of Nintendo stock. It's all about capital gains baby! Here's the skinny...
The president of video game giant Nintendo Co Ltd plans to use capital gains from the temporary sale of his 1.18 million Nintendo shares to set up a fund to promote game development firms, the Nihon Keizai Shimbun said.
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