Nintendo puts shares in Seattle Mariners up for sale

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Nintendo said Thursday it has put some of its stake in the Seattle Mariners baseball team up for sale, as the struggling Japanese videogame giant looks to repair its finances. The firm's US unit "has started negotiations to sell a portion of its ownership in First Avenue Entertainment", which operates the Mariners, Nintendo said in a statement. Nintendo's late president Hiroshi Yamauchi bought shares in the team's operator in December 1992 when they were under threat to be relocated from Seattle.

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