Nintendo Buy Out Yamauchis.


Last month Nintendo unveiled it’s plans to remedy the company’s woes by buying back 114 billion-yen ($1.1 billion) worth of shares, a strategy it has now begun to implement with the news that members of the founding Yamauchi family have already sold 9.5 million shares, or about 7.4 percent of their 10 percent holdings back to Nintendo. Nintendo went on to inform Bloomberg that the acquisition of these share would allow the company to seriously begin considering the future mergers or acquisitions of other, third party companies, news that will almost certainly please Nintendo fans but dishearten a deceased Hiroshi Yamauchi.

Nintendo Buy Out Yamauchis.


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