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Nintendo To Establish Joint Venture Company With Mobile Firm DeNA

Nintendo Systems Co. coming in 2023.

Alongside its quarterly earnings release, Nintendo has announced its intention to partner with DeNA and establish a joint venture company in April next year.

Nintendo has been working with the mobile firm since 2015, partnering to develop systems integrated into its mobile software (such as Super Mario Run and Mario Kart Tour) and Nintendo Account infrastructure. The new company will be a ‘Specified Subsidiary’ for Nintendo due to its 80% capital investment (of a total of 5 billion yen) being greater than 10% of Nintendo’s value as a whole.

Read the full article on nintendolife.com

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