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CyberAgent Soars on Partnership With Nintendo for Mobile Games

  • Companies to release new title Dragalia Lost this summer
  • Nintendo’s mobile partner DeNA falls as much as 5.7 percent

CyberAgent Inc. jumped the most in more than 4 years after announcing a partnership with Nintendo Co. to jointly develop smartphone games.

Shares of the Tokyo-based mobile game maker surged as much as 16 percent in early trade, the most since November 2013. As part of the deal, Nintendo will take a 5 percent stake in subsidiary Cygames Inc. for an undisclosed sum, they said in a statement Friday. Nintendo’s existing mobile partner DeNA Co. slumped as much as 5.7 percent after the announcement.