
Nintendo recently announced that it has entered into an agreement to acquire 100% of the outstanding shares of Next Level Games (“NLG”), a Vancouver-based game developer, in a rare acquisition for the video game giant. Acquisitions of video game developers is part of the core strategy for competitors Sony and Microsoft, but not for Nintendo. This acquisition would mark the first acquisition for Nintendo since acquiring Monolith Soft in 2007.
NLG has nearly two decades of experience creating games for various console platforms, but has recently worked exclusively with Nintendo creating titles for the Nintendo 3DS and Nintendo Switch platforms. This acquisition comes after the success of Luigi’s Mansion 3, a game developed by NLG. Luigi’s Mansion 3 is a top-selling title for Nintendo, having sold nearly 8 million copies since its release. With this acquisition, Nintendo will secure the availability of NLG development resources, and facilitate improved development speed and quality by increasing the flow of communication between NLG and Nintendo.
All of NLG’s outstanding shares are held by its owner-directors and employees. The acquisition is scheduled to close on March 1, 2021, pending necessary approvals and other customary closing conditions.
Author: Jay Piett
Image by https://unsplash.com/@alvarordesign
Authors
Expertise
Insights
-
Technology
CO280 Strikes Historical Deal with Microsoft
Vancouver-based startup CO280 Solutions Inc. (“CO280”) is making strides in carbon capture, focusing on the removal of carbon dioxide emitted by pulp and paper mills across the U.S. The startup… -
Technology
Bench Finds Buyer After Sudden Shutdown
Accounting startup Bench, which abruptly shut down in December 2024 and locked out customers from their accounts, has been acquired by HR tech firm Employer.com. The acquisition will restore access to… -
Technology
Nectir Launches Custom AI Tool to Transform Learning in Schools
Nectir, an educational AI tool, is transforming academic support at over 100 colleges and high schools by enabling educators to create personalized learning assistants tailored to their courses. These… -
Technology
PolicyMe Raises C$30 million to Revolutionize Digital Insurance
PolicyMe, a Canadian digital insurance provider, recently announced the successful close of C$30 million in new funding, building off of its C$3.3 million Seed Round (2020) and C$18 million Series A… -
Energy
Supreme Court of Canada Interprets the Telecommunications Act
In Telus Communications Inc. v. Federation of Canadian Municipalities, the Supreme Court of Canada considered the correct interpretation of the term “transmission line”, as used in sections 43 and… -
Technology
Twelve Labs Develops Enhanced Search Capabilities in Video AI
In the fast-evolving field of artificial intelligence, a new frontier is emerging: video understanding. Jae Lee, co-founder of Twelve Labs, believes that AI models adept at interpreting videos as well…