Nintendo Picks up Bandai

Reuters is reporting that Nintendo has bought 2.6 percent of Japan"s largest toymaker. The transaction of 1.28 million shares comes after a Bandai shareholder approached Nintendo and asked if they would like to acquire the shares. Both companies have announced that the recent deal won"t change their current relationship in anyway and that no buyout is in the works.

News source: The Adrenaline Vault

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