Nintendo makes first acquisition since 2022, and it's from Embracer

Nintendo has made its first acquisition in two years.

The company has entered a deal with embattled Swedish games company Embracer to purchase Shiver Entertainment, a studio responsible for porting the likes of Mortal Kombat 1 and Hogwarts Legacy onto Nintendo Switch.

On the deal's completion, which is "pending satisfaction" of all relevant customary closing conditions, Nintendo will acquire 100 percent of Shiver's outstanding shares, making it a wholly owned subsidiary.

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