Nintendo (NTDOY) announced that it has entered into an agreement with Embracer Group AB (THQQF) to acquire 100% of the outstanding shares of Shiver Entertainment, Inc. and to make it a wholly owned subsidiary. Shiver is a video game development company that develops software for multiple platforms including Nintendo Switch. Since its establishment in 2012, Shiver has partnered with publishers and developers through commissions for large scale title developments, and recently, has worked on porting and developing software titles such as Warner Bros. Discovery’s (WBD) “Hogwarts Legacy” and “Mortal Kombat 1.” Nintendo will acquire 100% of the outstanding shares of Shiver and make it a wholly owned subsidiary. The acquisition will be completed pending satisfaction of all relevant customary closing conditions and will have only a minor effect on Nintendo’s results for this fiscal year, Nintendo said.
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