Tokyo-based video game developer Monolith Soft, which makes the “Xenoblade” franchise of games, is now 100% owned by Nintendo (NTDOY), Eurogamer’s Tom Phillips reports. Initially, Nintendo purchased 80% of the studio from Bandai Namco (NCBDY) in 2007, then increased its interest to 96% in 2011, and has recently boosted its ownership to 100%, the author notes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTDOY:
- Game On: Guillemot family, Tencent in talks over Ubisoft buyout
- Square Enix’s ‘Dragon Quest III’ remake sells 2M units
- Game On: Shuhei Yoshida to leave Sony after more than 30 years
- Nintendo subpoenas Google, others amid antipiracy efforts, GameFile says
- Tencent’s Nintendo Switch Partnership Didn’t Play Out as Expected