Family that founded Nintendo over a century ago wants to sell its shares

Nintendo is set to buy back as much as 7.4-percent of its shares from the family of Hiroshi Yamauchi, the company’s third president (out of four) and the grandson of founder Fusajiro Yamauchi. The share buyback has an estimated value of roughly $1.1 billion, though Bloomberg notes that it’s not clear how much Nintendo intends to purchase. Yamauchi’s heirs reportedly have a “desire to sell.”.