Nintendo buys stake in mobile content firm, shares rocket

Shares in Nintendo have jumped over five per cent after it emerged that the platform holder has acquired a stake on Japanese mobile content provider Dwango.

Onlookers have for some time awaited Nintendo’s first move to bring its cherished IP to either the mobile market or even – if you can stomach the ideas – rival platforms such as PlayStation and Xbox.

But that isn’t what’s happening here.

Bloomberg reports that Nintendo isn’t planning to distribute games through Dwango’s delivery system.

In fact, Nintendo spokesman Yasuhiro Minagawa added that the company acquired the shares at the request of Dwango Chairman Nobuo Kawakami for his personal funding needs”.