financetom
Business
financetom
/
Business
/
Nintendo Acquires Hogwarts Legacy Port Developer Shiver Entertainment Ahead Of Switch 2 Launch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nintendo Acquires Hogwarts Legacy Port Developer Shiver Entertainment Ahead Of Switch 2 Launch
May 21, 2024 9:33 AM

Nintendo ADR (OTC:NTDOY) has announced the acquisition of Shiver Entertainment, the team responsible for the Nintendo Switch ports of popular games like “Hogwarts Legacy” and “Mortal Kombat 1.”

According to a press release, Nintendo ( NTDOF ) has agreed with Embracer Group Unsponsored ADR (OTC:EBCRY) to buy 100% of Shiver's shares, turning the Miami-based company into a wholly owned subsidiary.

See Also: Nintendo Confirms Next-Gen Gaming Console Set To Debut Within This Fiscal Year

Shiver, established in 2012, has built a reputation for partnering with publishers and developers on large-scale projects.

Nintendo ( NTDOF ) noted: “By welcoming Shiver's experienced and accomplished development team, Nintendo ( NTDOF ) aims to secure high-level resources for porting and developing software titles.”

Even after joining Nintendo ( NTDOF ), Shiver will continue focusing on porting and developing software for multiple platforms, including the Nintendo Switch.

This move comes shortly after Nintendo ( NTDOF ) announced plans to reveal its Switch successor within this fiscal year, which ends on March 31, 2025. While today’s announcement doesn’t mention the new console, it hints at Nintendo’s preparations for its future lineup.

Shiver is known for porting games like “Hogwarts Legacy,” “Mortal Kombat 11,” and “Mortal Kombat 1,” along with developing “Scribblenauts Showdown.” Although ports like “Hogwarts Legacy” and “Mortal Kombat 11” were well-received, the “Mortal Kombat 1” port faced considerable criticism.

Financial terms of the deal weren’t shared, but Nintendo ( NTDOF ) stated that the acquisition “will have only a minor effect on Nintendo's ( NTDOF ) results for this fiscal year.”

Read Next: Nintendo’s Switch 2 Rumored To Enhance Battery Life With Adjustable Clock Speeds

Image credits: yu_photo on Shutterstock.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Former Meta engineer sues company saying he was fired over handling of Gaza content
Exclusive-Former Meta engineer sues company saying he was fired over handling of Gaza content
Jun 4, 2024
NEW YORK (Reuters) - A former Meta engineer on Tuesday accused the company of bias in its handling of content related to the war in Gaza, claiming in a lawsuit that Meta fired him for trying to help fix bugs causing the suppression of Palestinian Instagram posts. Ferras Hamad, a Palestinian-American engineer who had been on Meta's machine learning team...
Backlash blunts edges of UK watchdog's 'naming and shaming' plan
Backlash blunts edges of UK watchdog's 'naming and shaming' plan
Jun 4, 2024
LONDON (Reuters) - Britain's markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told Reuters, after a government and industry backlash labelled the proposals misjudged and harmful to London's competitive ranking. The anticipated move by the Financial Conduct Authority (FCA) is designed to defuse anger over plans that critics say risk dealing irreparable and...
Indonesia's Delta Dunia Makmur says it will acquire Atlantic Carbon Group for $122.4 mln
Indonesia's Delta Dunia Makmur says it will acquire Atlantic Carbon Group for $122.4 mln
Jun 4, 2024
JAKARTA, June 5 (Reuters) - Indonesian mining company PT Delta Dunia Makmur said on Wednesday it will acquire Atlantic Carbon Group Inc for $122.4 million. Through the deal, the company would secure ownership of four mines producing ultra-high grade anthracite in Pennsylvania, United States, it said in a statement. ...
Specialized cloud provider CoreWeave to invest $2.2 bln in Europe
Specialized cloud provider CoreWeave to invest $2.2 bln in Europe
Jun 4, 2024
June 5 (Reuters) - Specialized cloud provider CoreWeave said on Wednesday that it plans to invest $2.2 billion to expand and open three new data centers in Europe before the end of 2025. In May, Nvidia ( NVDA ) -backed CoreWeave said it would invest $1.3 billion in the UK, bringing the company's total investment in Europe to $3.5 billion....
Copyright 2023-2026 - www.financetom.com All Rights Reserved