Last week Nintendo revealed upcoming projects and initiatives that will be aiming at streamlining the company and getting it out of the financial pit they fell into. Nintendo have had a very rough year, and with stocks decreasing in value, their hesitation for change had to be set aside. The initiatives brought forward included trying to make the WiiU more appealing to the market and more streamlined, and also exploring the smartphone platforms, which might boost the brands exposure to a vaster market.
During an interview with Nikkei, Nintendo president Satoru Iwata stated that they are even considering mergers and acquisitions as an option, and stepping up share buy-backs. For such an option to be mentioned, there must have been a company which approached Nintendo for acquisition, but Iwata failed to confirm or mention any, but he did however confirm that what ever the outcome is, Nintendo will remain a publicly traded company. He strongly believes that the public have made the company what it is today.
This topic will be discussed in depth in our next podcast episode which will be launching later this week.
Written By Matthew C.