Nintendo Rises After Buying Stake in Web Company Dwango
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Nintendo Co., the creator of the game franchises Mario and Zelda, closed at the highest since August after buying a stake in Dwango Co., a company that provides content through mobile phones.
The stock rose 5.15 percent to close at 13,070 yen in Tokyo, the highest since Aug. 6. Dwango shares surged 21 percent after the video game company bought 612,200 Dwango shares, according to a statement filed with the Tokyo Stock Exchange today.