Nintendo has made a move to acquire Next Level Games, the developers behind the Luigi’s Mansion series and other Nintendo titles.
By March 1st 2021, Nintendo is expected to acquire 100% of Next Level Games’ outstanding stock, making them a wholly owned subsidiary of the gaming giant. Aside from Luigi’s Mansion, Next Level Games is also known for working on other Nintendo titles such as the Mario Strikers series, Punch-Out!! for Wii, and Metroid Prime: Federation Force.
You can read the full details of Nintendo’s acquisition below:
Next Level Games is a video game development company based in Vancouver, Canada which has nearly two decades of experience creating video games for various console platforms. More recently, Next Level Games has worked exclusively with Nintendo in developing software titles for the Nintendo 3DS and Nintendo Switch systems, including titles in the critically acclaimed Luigi’s Mansion series of video games.
Next Level Games’s shares are currently held entirely by its owner-directors and employees. A number of owner-directors recently determined that the time is right for them to sell their shares, and Next Level Games therefore began exploring potential sale transactions. Completion of the Acquisition will serve to secure the availability of Next Level Games development resources for Nintendo, including development expertise, as well as facilitate an anticipated improvement in development speed and quality by enabling closer communication and exchange of staff with the Nintendo development team.
The Acquisition is expected to close on March 1, 2021, pending satisfaction of all relevant terms and conditions, including shareholders’ approval, regulatory approval under the Investment Canada Act and other customary closing conditions.
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