Nintendo Buys Stake in Dwango – Mobile Content Firm

Posted by at 11:30 am on November 15, 2013

Nintendo’s stock rose today after the company purchased a stake in Dwango Co.

Dwango is a company that provides content through mobile phones. Stock rose 5.15% after the announcement and it’s the highest it’s been since August 6th.

While it may seem like Nintendo is planning on entering the mobile market, it’s more likely that Nintendo plans on approaching Dwango to bring Miiverse apps to various smartphone platforms.

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