Nintendo completed its 114.2 billion yen share buyback today as the company's founding Yamauchi family old a portion of its inherited stake, Nintendo announced.
Acquired through the Tokyo Stock Exchange, the shares totaled 9.5 million, each worth a little more than 12,000 yen. Of Nintendo's outstanding stock, the heirs to former CEO Hiroshi Yamauchi owned about 10 percent after his death in September, but it is not known how much of the family's shares were sold, Nintendo told Business Week.
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