Nintendo and DeNA Form Business and Capital Alliance
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March 18, 2015 6:57 AM EDT
Jefferies upgraded Nintendo (OTC: NTDOY) from Hold to Buy.
Analyst Atul Goyal commented, "Finally, Nintendo has turned a corner and embraced a huge strategic shift, opening up its game-IP for smart-devices. We have long argued that it needs to change. Today, it... More
March 17, 2015 6:39 AM EDT
Nintendo Co., Ltd. (OTCBB: NTDOY) and DeNA Co., Ltd., entered into a business and capital alliance to develop and operate new game apps for smart devices and build a new multi-device membership service for consumers worldwide.
Leveraging the strength of Nintendos intellectual property (IP) and game development skills in combination with DeNAs world-class expertise in mobile games, both companies will develop and operate new game apps based on Nintendos IP, including its iconic game characters, for smart devices. The alliance is intended to complement Nintendos... More
