Nintendo Purchases Stocks In Dwango Co.

Nintendo has purchased stock in Dwango Co., the parent company of Japanese mobile video content platform Nico Nico Douga, Business Week cited yesterday.

Before you unfold news of Nintendo finally venturing into smartphones however, understand that Nintendo spokesperson Yasuhiro Minagawa has explicit that the company isn’t progressing to use the service to distribute games. Minagawa explained that the acquisition was created at the request of Dwango’s chairman, Nobuo Kawakami.

Nintendo’s stock costs rose by 5.15 % after the acquisition, the highest they have been since the month of August. The bump in stock prices follows Nintendo’s decision with investors last month, during that Nintendo stated that the Wii U “still incorporates a negative impact” on their profits. During an equivalent decision, Nintendo reported an operative loss of 23.3 billion yen ($236 million) thanks to advertising initiatives and analysis and development for Wii U software.

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