In a significant move to enhance its game development capabilities, Nintendo Co., Ltd. has announced the acquisition of Shiver Entertainment, Inc. The deal will see Nintendo acquire 100% of the outstanding shares of Shiver, making the Miami-based game development company a wholly owned subsidiary.
Key Details
Company Overview:
- Shiver Entertainment, Inc.
- Location: Miami, Florida, USA
- CEO: John Schappert
- Founded: December 11, 2012
- Business: Development and porting of video game software, including popular titles like “Hogwarts Legacy” and “Mortal Kombat 1”
- Capital Stock: USD 10 (as of May 2024)
Purpose of Acquisition: Shiver Entertainment is known for its expertise in developing and porting games for multiple platforms, including the Nintendo Switch. By acquiring Shiver, Nintendo aims to bolster its resources for game development and porting, ensuring high-quality software for its platforms. Shiver’s experienced development team will continue to focus on their current projects and commissions, maintaining their role in developing and porting games across various platforms.
Future Projections: The acquisition is expected to have a minimal impact on Nintendo’s financial results for this fiscal year. However, it represents a strategic move to secure top-tier development talent and resources, potentially leading to more robust game offerings for Nintendo’s audience in the future.
Statements from Nintendo
Shuntaro Furukawa, President and Representative Director of Nintendo, expressed enthusiasm about the acquisition, highlighting the potential for enhanced game development capabilities and the ongoing commitment to high-quality gaming experiences for Nintendo fans.
The acquisition of Shiver Entertainment by Nintendo marks a strategic step to strengthen its game development efforts. With Shiver’s proven track record and expertise, Nintendo is well-positioned to continue delivering engaging and innovative games to its global audience.
