Nintendo Sells Majority Stake In Seattle Mariners For $661 Million
Nintendo of America has announced that Major League Baseball has approved the sale of their majority stake in the Seattle Mariners, which has been sold for $661 million.
Nintendo will retain a 10 percent stake in the team and regional sports network, with Seattle Mariners CEO Howard Lincoln retiring from day-to-day operations.
John Stanton has now replaced him as Chairman and CEO, with Lincoln to remain on the First Avenue Entertainment (FAE) Board of Directors where he will represent Nintendo’s ownership interests.
Nintendo has explained that “it will take some time to calculate and confirm the impact of this sale to the Company’s consolidated financial performance,” although will update their investors as necessary.