Nintendo to sell stake in Seattle Mariners baseball team..

 

Japanese gaming company Nintendo plans to sell its majority stake in the US baseball team, Seattle Mariners.

A statements said it had begun talks to sell "a portion of its ownership". Once a deal is done, Nintendo will no longer be the team's principal owner.
It has struggled to repair its finances in the face of competition from mobile gaming. On Wednesday it released a 60% profit drop for the past year.
Nintendo took over the team in 1992 when it was at risk of being relocated.
The president at the time, Hiroshi Yamauchi, then pushed the investment so it could become the principal owner of the Mariners. Since then, the baseball team has had several star Japanese players including Ichiro Suzuki and Hisashi Iwakuma.