Nintendo has bought SRD Co. Ltd: In the last few weeks, many big deals have been made in the video game industry. Microsoft bought Activision Blizzard, and Sony bought Bungie in recent business deals. However, it looks like the news isn’t over yet. Nintendo just purchased an essential thing of its own, too.
Recently, Nintendo said that it wanted to build up its assets. This decision was made because the Nintendo Switch has been a big hit in the video game market for a long time.
Despite being released in 2017, the Japanese video game company said that it had still made a lot of money from the system’s sales. So, it was spending $880 million on games and another $440 million on other entertainment software.
While most of this was meant to help the company grow inside, it recently decided to bring a long-term partner under its corporate umbrella, too.
On February 24, Nintendo announced that they had bought SRD Co. LTD, which makes the SRD game. In a statement from Nintendo, they said that this news came from them. Because of this, “SRD’s management base will better equipped.”
Nintendo has bought SRD Co. Ltd
In addition, it said that this would “guarantee the availability of software development resources for Nintendo,” which is what it meant. Because the company did this, they hoped to speed up future development by doing more work in less time.
Furthermore, the statement said that the deal would close on April 1, after approval. It is important to note that the price of this business deal not made public.
Even though this is a big deal for Nintendo, it shouldn’t surprise gamers. Over the past 40 years, SRD has worked with the gaming giant on several projects.
Some of the games it has helped make are The Legend of Zelda and Super Mario. On top of that, it even helped make the first Donkey Kong game. It recently helped make Game Builder Garage, which came out last year.
Nintendo doesn’t make a lot of acquisitions or mergers. This isn’t the first time Nintendo has bought another company. It bought Next Level Games last year. When SRD worked on Luigi’s Mansion 3 and Mario Strikers, it was a big deal because it was based in Canada.
A look at what the future holds for Nintendo will be fun to see! With this new tool, it will be up to time to see if it can make even more polished games in the future.