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REPORT - Nintendo Rises After Buying Stake in Web Company Dwango

by rawmeatcowboy
15 November 2013
GN Version 4.0
Nintendo Co. (7974), the creator of the game franchises Mario and Zelda, jumped to the highest since August after buying a stake in Dwango Co. (3715), a company that provides content through mobile phones.

The stock rose as much as 5.2 percent to 13,070 yen as of the 11:30 a.m. trading break in Tokyo. Dwango shares surged as much as 21 percent after the video game company bought 612,200 Dwango shares, according to a statement filed with the Tokyo Stock Exchange today.

Full report here