Nintendo Buys Stake in Niconico Parent Dwango

posted on 2013-11-15 23:57 EST

Businessweek reported on Friday that Nintendo acquired 612,200 shares in Dwango, the Japanese company whose subsidiary Niwango operates the Niconico video streaming service. Nintendo's stock rose 5.15% to close at 13,070 yen, the highest since August 6.

[Via Siliconera]

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