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Nintendo Gains on Investment in Pokemon Game Maker Niantic

  • Google joins $30 million funding for Niantic Pokemon Go games
  • Deal shows Nintendo deepening relationships in mobile games
People take photographs of performers dressed as Pikachu, a character from Nintendo's Pokemon game. Pokemon Go will be available on Apple iPhones and Google Android devices.

People take photographs of performers dressed as Pikachu, a character from Nintendo's Pokemon game. Pokemon Go will be available on Apple iPhones and Google Android devices.

Photographer: Noriko Hayashi/Bloomberg
Updated on

Nintendo Co. rose to the highest in a month after joining with others to invest as much as $30 million to help game designer Niantic Inc. develop mobile games including Pokemon Go.

Nintendo jumped 4 percent to 22,845 yen at the close in Tokyo, the highest since Sept. 14. Nintendo, Pokemon Co. and Google Inc. will invest $20 million up front with the rest conditional on certain milestones, Niantic said.