Nintendo Has Acquired SRD Co. Ltd

gamerant.com:

The video game industry has been going through an exciting time of late, with several massive acquisitions taking place. Among the recent business deals, Microsoft acquired Activision Blizzard, while Sony purchased Bungie. However, it seems as though the news is far from over as Nintendo just made a notable purchase of its own.

Recently, Nintendo had announced its intention to grow its assets. This decision came as a result of the continued success of the Nintendo Switch in the video game market. Despite releasing in 2017, the Japanese video game company revealed that it had continued to make a substantial profit off the sales of the system. As a result, it was investing $880 million into game development, along with another $440 million in non-game entertainment software. While most of this was meant to expand the company internally, it recently decided to bring a long-time partner underneath its corporate umbrella.

3DS and Wii U Owners Are Going on Shopping Sprees Ahead of Store Shutdown

In an announcement from February 24, it was revealed that Nintendo had acquired SRD Co. LTD. This news came via a statement from Nintendo. According to the company, the acquisition was made to “strengthen the management base of SRD.” In addition, it stated that this would “secure the availability of software development resources for Nintendo.” By doing this, the company hoped to improve the efficiency of future development. Furthermore, the statement read that the acquisition was scheduled to close on April 1, following approval. It is worth mentioning that the price of this business deal was not announced.

While this is a notable acquisition for Nintendo, it should not come as too much of a shock to gamers. Over nearly the last 40 years,