Nintendo acquires Next Level Games

Nintendo has reached an agreement to acquire 100% of the outstanding shares of Next Level Games in Vancouver, Canada, to make it a wholly owned subsidiary, the company said. The acquisition is expected to close on March 1.

Next Level Games has developed a number of Nintendo titles in the past, including Super Mario Strikers for GameCube, Mario Strikers loaded and Punch-Out !! for Wii, Luigi’s Mansion: Dark Moon and Metroid Prime: Federation Force for 3DS, and Luigi’s mansion 3 for Switch.

Here is the full context of the acquisition, via Nintendo:

Next Level Games is a video game development company based in Vancouver, Canada with nearly two decades of experience creating video games for various console platforms. Most recently, Next Level Games has worked exclusively with Nintendo in the development of software titles for the Nintendo 3DS and Nintendo Switch systems, including titles in the critically acclaimed field. Luigi’s mansion series of video games.

The shares of Next Level Games are currently fully owned by its owner-directors and employees. A number of owner-managers have recently determined that the time has come for them to sell their shares, so Next Level Games has started to explore potential sell deals. Completion of the acquisition will serve to ensure the availability of Next Level Games’ development resources for Nintendo, including development expertise, as well as facilitate an anticipated improvement in the speed and quality of development by enabling a closer communication and staff exchange with the Nintendo development team.

The acquisition is expected to close on March 1, 2021, pending compliance with all relevant terms and conditions, including shareholder approval, regulatory approval under the Investment Canada Act and other closing conditions. usual.

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