Friday, March 3, 2023

Family office of Nintendo heirs says patience is a super power

The investment firm managing nearly $1.5 billion of assets for members of Nintendo's founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of relenting nearly a year into its quest to take marine construction firm Toyo Construction Co private, a takeover battle that could see a critical turn at an annual shareholder meeting in June. https://ift.tt/YthP2xS

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Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)

Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...