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Nintendo nets $661 million from Seattle Mariners sale

Nintendo nets $661 million from Seattle Mariners sale

August 23, 2016 | By Chris Kerr

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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