Nintendo is buying close development partner SRD

Stefan Mileschin · 25th February 2022, 08:21

Nintendo is about to buy its second close ally in as many years. Eurogamerreports Nintendo is acquiring SRD, one of its longest-serving game development partners. SRD has worked with Nintendo since the NES era, and more recently helped with Switch hits like Legend of Zelda: Breath of the Wild and Animal Crossing: New Horizons. In that light, it's almost surprising Nintendo hadn't bought SRD sooner.

The purchases is expected to close on April 1st. Nintendo didn't say how much it paid for SRD, but the development house will become a wholly-owned subsidiary. The company bought Luigi's Mansion creator Next Level Games in January 2021.

This isn't as aggressive a move as Microsoft's Activision Blizzard buyout or Sony's acquisition of Bungie. Not that Nintendo is concerned, mind you. Company president Shuntaro Furukawa recently said investors shouldn't expect purchases of studios that lack "Nintendo DNA," and the Switch is still a hot seller. Nintendo just isn't in a rush to snap up developers, and this appears to be largely focused on securing partners while the company is flush with cash.

https://www.engadget.com/nintendo-bu...6.html?src=rss

25th February 2022, 08:21	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	Nintendo is buying close development partner SRD Nintendo is about to buy its second close ally in as many years. Eurogamerreports Nintendo is acquiring SRD, one of its longest-serving game development partners. SRD has worked with Nintendo since the NES era, and more recently helped with Switch hits like Legend of Zelda: Breath of the Wild and Animal Crossing: New Horizons. In that light, it's almost surprising Nintendo hadn't bought SRD sooner. The purchases is expected to close on April 1st. Nintendo didn't say how much it paid for SRD, but the development house will become a wholly-owned subsidiary. The company bought Luigi's Mansion creator Next Level Games in January 2021. This isn't as aggressive a move as Microsoft's Activision Blizzard buyout or Sony's acquisition of Bungie. Not that Nintendo is concerned, mind you. Company president Shuntaro Furukawa recently said investors shouldn't expect purchases of studios that lack "Nintendo DNA," and the Switch is still a hot seller. Nintendo just isn't in a rush to snap up developers, and this appears to be largely focused on securing partners while the company is flush with cash. https://www.engadget.com/nintendo-bu...6.html?src=rss

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Nintendo is buying the developer of Luigi's Mansion 3	Stefan Mileschin	WebNews	0	5th January 2021 09:38
Nintendo will stream live from inside Super Nintendo World on Friday	Stefan Mileschin	WebNews	0	18th December 2020 06:14
Logitech may be close to buying Plantronics for over $2 billion	Stefan Mileschin	WebNews	0	26th November 2018 08:34
Netflix is reportedly close to buying Luc Besson's movie studio	Stefan Mileschin	WebNews	0	2nd April 2018 08:57
Ziff Davis close to buying Mashable	Stefan Mileschin	WebNews	0	20th November 2017 19:46
Nintendo will close its Wii Shop Channel in 2019	Stefan Mileschin	WebNews	0	30th September 2017 08:16
The Switch shows desperate Nintendo is the best Nintendo	Stefan Mileschin	WebNews	0	21st October 2016 11:32
Avago close to buying Broadcom	Stefan Mileschin	WebNews	0	29th May 2015 05:58
Apple is reportedly close to buying Beats for $3.2 billion	Stefan Mileschin	WebNews	0	9th May 2014 09:16
Corsair named NVIDIA's Memory Development and Launch Partner for nForceT4 SLI	jmke	WebNews	0	5th April 2005 20:47