Japanese console giant Nintendo isn't currently interested in acquiring new development assets or industry competitors despite the firm's huge cash reserves, according to company president Satoru Iwata. Speaking with French newspaper Les Echos, Iwata said that the company's focus is on building strong relationships with external developers and working closely with them rather than acquiring them outright.
He argued that an investment in a company carried no guarantee of favourable results - perhaps referring back to Nintendo's recent estrangement from companies in which had had previously invested heavily, such as Rare, Silicon Knights and Left Field. Nintendo's new approach to relationships with external developers would appear to be characterised by its deals with companies such as British studio Kuju Entertainment, which is an independent developer working on a major Nintendo property - namely the Advance Wars license.
News source: gamesindustry.biz