Nintendo purchases stake in web company Dwango

Nintendo has purchased a stake in Dwango Co., Businessweek reports. The web company primarily provides content through mobile phones.

According to Nintendo spokesman Yasuhiro Minagawa, the Big N won’t be distributing games through Dwango’s video delivery system Niconico. Nintendo bought the shares at the request of Dwango Chairman Nobuo Kawakami for his personal funding needs.

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