Nintendo Remains Uninterested in Acquisitions
Despite major acquisitions by its main competitors in the gaming space, Nintendo remains uninterested in buying up other gaming companies.
With Microsoft dropping $68.7 billion on Activision Blizzard, and Sony paying $3.6 billion for Bungie, industry eyes have turned to Nintendo for a response. In an investor Q&A, Nintendo president Shuntaro Furukawa was asked if he and Nintendo planned any acquisitions of their own.
Furukawa said Nintendo was more focused on investing in the developers it already owns, Bloomberg reports.
"Our brand was built upon products crafted with dedication by our employees, and having a large number of people who don't possess Nintendo DNA in our group would not be a plus to the company," he said.
Nintendo announced plans in 2021 to invest up to 100 billion yen (roughly $870 million) in its studios. Furukawa didn't rule out future acquisitions at the time, but has now said the company would only make such a move if it were a necessity. Exactly what would make an acquisition necessary is unclear.
Nintendo's last acquisition was Next Level Games, which it purchased in 2021 after having worked with it for several years.