Nintendo Is Buying An Animation Studio

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Nintendo is buying an animation studio:

. While there are no public details suggesting Dynamo has been involved with Illumination Entertainment’s production, the timing of the purchase is certainly interesting.

The deal is a complete buy-out, intended to complete by October 3, Nintendo says it’s purchasing “100 percent of the outstanding shares” so Dynamo becomes “a wholly owned subsidiary to strengthen the planning and production of visual content in the Nintendo group.” The company also, rather coldly adds, “The Acquisition will have only a minor effect on Nintendo’s results for this fiscal year.

 

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