Nintendo has purchased 612,000 shares in mobile internet content provider Dwango, which also distributes games via the Japanese company’s video delivery platform Nico Nico Dwango.
Nintendo currently promotes the publisher’s games on Nico Nico Dwango, and the stake was acquired at the request of Dwango Chairman Nobuo Kawakami, according to Nintendo spokesperson Yasuhiro Minagawa.
Nintendo shares were up 5.15 per cent and Dwango’s stock rose 21 per cent after the announcement.
