Nintendo to acquire Next Level Games
Canadian developer to become a first party studio
Nintendo has announced it plans to purchase all shares of Canadian developer Next Level Games.
NLG is a video game development company based in Vancouver, Canada founded in 2002. More recently, NLG has worked exclusively with Nintendo in developing software titles for the Nintendo 3DS and Nintendo Switch systems, including the most recent Luigi’s Mansion.
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. 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.