Nintendo to acquire Shiver Entertainment, Inc., which was involved in the porting and development of “Hogwarts Legacy” etc.

Nintendo Co., Ltd(hereinafter referred to as Nintendo) is a development company based in Florida, USA.Shiver Entertainment, Inc.(hereinafter referred to as Shiver)Subsidiaryannounced that it plans to do so.
Shiver is involved in the porting and development of Hogwarts Legacy and Mortal Kombat 1.

Nintendo to acquire Shiver

Shiver

Nintendo isTuesday, May 21, 2024announced that it has entered into a stock transfer agreement with Embracer Group AB to make Shiver a subsidiary.

Shiver is a software development company for game platforms headquartered in Florida, USA.
Since its founding in 2012, the company has been commissioned by game publishers and development companies to undertake development projects for large-scale titles, and in recent years has been involved in the porting and development of “Hogwarts Legacy” and “Mortal Kombat 1.”
In particular, “Hogwarts Legacy” has extremely high specs as an open world game that fully utilizes the latest technology and expressions, and its porting and optimization to the portable Nintendo Switch received a certain amount of praise. .

Nintendo's comment

We have recently decided to acquire all of Shiver's shares and make it a subsidiary in order to welcome Shiver's development staff, who have a rich track record in game development, to our group, and secure highly technical porting and development resources.
Even after Shiver becomes a member of our group, we plan to continue to undertake porting and development work for multiple game platforms, including Nintendo Switch, from game publishers other than our company.

What is the relationship with the Switch successor model?

Nintendo has announced that it plans to announce a successor to the Nintendo Switch by March 2025, and some believe that making it a subsidiary this time is not unrelated in terms of securing resources.
In recent years, the game industry has entered a period of restructuring, with a series of large-scale acquisitions and personnel reductions.
Competition is likely to become even more intense as the market continues to expand.

Please note that Nintendo is not aware of the impact that this acquisition will have on its business results for the current fiscal year.MinorIt is said that