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Business deals

Nintendo heirs intervene in Toyo Construction takeover

Yamauchi family office-backed funds build 21% stake in target of Maeda's bid

Cayman Islands-registered investment funds backed by the grandson of Nintendo's founder have snapped up stock of Toyo Construction. (Screen shot of Yamauchi No. 10 Family Office's website)
SHUGO TAMURA, Nikkei staff writer | Japan

TOKYO -- An investment firm managing the wealth of Nintendo's founding family has been buying up shares in Japan's Toyo Construction, according to regulatory filings, in an apparent attempt to block a takeover by industry peer Maeda.

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