Nintendo to develop games for smartphones
Both companies have agreed to build a global membership service for various devices including personal computers, smartphones, and Nintendo consoles. This is a smart move for Nintendo as people increasingly turn to mobile phones and social networks to play games.
In technical terms, Nintendo will acquire about 15 million DeNA shares or a 10 percent stake. In return. DeNA will acquire about 1.759 million Nintendo shares, or 1.24 percent of the company. Both acquisitions are worth 22 billion yen, or $182 million, due by April 2nd of 2015.
The service is set to launch in the fall of 2015.
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