Nintendo Stock Value Rises After Buying Stake In Mobile Web Company Dwango
Posted by Liam Doolan
Embracing the mobile market
Mobile gaming is something Nintendo reportedly has no plans of participating in anytime soon. President Satoru Iwata previously made it clear Nintendo would lose its identity if it were to make such a move. On other occasions, he has said this field of games and software development is under absolutely no consideration.
Despite this, fans continue to witness subtle movements with development of applications such as Pokédex for iOS and Miiverse availability on mobiles, tablets and computers. Now, Nintendo may have just inched a step closer to mobile games development. It is not exactly a clear indicator, but it is no doubt significant enough to pique curiosity amongst the video game world.
Bloomberg reports the stock value of the house of Mario has jumped to its highest since August after purchasing a stake in Dwango Co. — a company that provides content through mobile phones.
According to a statement filed with the Tokyo Stock Exchange, Nintendo stock rose by as much as 5.2 percent to 13,070 yen as of 11:30am today. Dwango shares have now also surged by 21 percent, after Nintendo purchased exactly 612,200 shares in the company.
Nintendo spokesman Yasuhiro Minagawa said Nintendo has no plans to distribute games through Dwango’s video delivery system Niconico. He also explained shares were acquired by Nintendo at the request of Dwango Chairman Nobuo Kawakami for personal funding reasons.
Let us know what you think about this latest development, and if it is any indication Nintendo will enter the mobile market in the near future.