Gaming giants Microsoft, Take-Two and Sony have made enormous deals in 2022
Now, Nintendo is joining the action with its announced purchase of Systems Research and Development (SRD).
Nintendo announced in a Japanese Financial Accounting Standards Foundation filing it will be buying SRD, a company it’s been working hand and hand with since 1982.
Much like the Pokémon Company, SRD will be a wholly owned subsidiary of Nintendo once all outstanding shares of SRD are purchased.
Nintendo says that its acquisition of SRD “will serve to strengthen the management base of SRD and secure the availability of software development resources for Nintendo, in addition to facilitating an anticipated improvement in software development efficiency.”
SRD helped develop the original Donkey Kong and Super Mario Bros. games, as well as the Legend of Zelda series.
The acquisition is expected to be completed by April 1. No deal value has been publicly released yet.
Read more about the SRD acquisition, HERE
Or discover more M&A deals in the video game industry, HERE
Source: https://www.digitaltrends.com/gaming/nintendo-acquires-srd/