Nintendo Acquires Monolith Soft

Nintendo Acquires Monolith Soft

Business

11 December 2024 14:00

Monolith Soft was founded by Hirohide Sugiura, Tetsuya Takahashi, and Yasuyuki Honne, with financial backing from Namco (now Bandai Namco), to develop Xenosaga, a spiritual successor to Square's Xenogears. In 2007, Nintendo acquired an 80% stake in Monolith Soft from Namco, increasing its share to 96% by 2011.

More:Nintendo Sues Yuzu

For years, the studio’s founders maintained a symbolic 4% ownership of the company, which remained unchanged until recently. While it’s unclear exactly when this occurred, it appears that Nintendo has now acquired the remaining shares. As of March 2024, Monolith Soft's company brochure still listed the founders’ 4% stake, but the developer's website now indicates that Nintendo fully owns all 2,400 shares of the studio.

Tags: Nintendo

Share:

Sources:

Report mistake Submit news

Related news

View All

Nintendo Finalizes US Price

Nintendo has officially announced a new pre-order date for the highly anticipated Switch 2 in the United States: April 24....

Business

Apr 21, 2025

A Japanese Modder Sentenced 3 Years for Modding

Fumihiro Otobe, a 58-year-old transportation worker from Ibaraki Prefecture, was found guilty by the Kochi District Court of infringing on...

Drama

Apr 16, 2025

Nintendo Will be Hit with US Tariffs

Game consoles imported from China, including Nintendo’s upcoming Switch 2, are expected to remain subject to a steep 145% tariff,...

Drama

Apr 15, 2025

Trump Tariffs to Affect Nintendo Switch 2

As US President Donald Trump’s new tariffs take effect in April 2025, analysts and industry figures are assessing the potential...

Drama

Apr 04, 2025

Nintendo Switch 2 Details Revealed

Nintendo has officially unveiled the highly anticipated Nintendo Switch 2 during its latest Direct livestream, revealing that the console will...

Business

Apr 03, 2025

Nintendo Acquires Monolith Soft

Business

11 December 2024 14:00

Tags: Nintendo

Monolith Soft was founded by Hirohide Sugiura, Tetsuya Takahashi, and Yasuyuki Honne, with financial backing from Namco (now Bandai Namco), to develop Xenosaga, a spiritual successor to Square's Xenogears. In 2007, Nintendo acquired an 80% stake in Monolith Soft from Namco, increasing its share to 96% by 2011.

More:Nintendo Sues Yuzu

For years, the studio’s founders maintained a symbolic 4% ownership of the company, which remained unchanged until recently. While it’s unclear exactly when this occurred, it appears that Nintendo has now acquired the remaining shares. As of March 2024, Monolith Soft's company brochure still listed the founders’ 4% stake, but the developer's website now indicates that Nintendo fully owns all 2,400 shares of the studio.

Share:

Sources:

Report mistake Submit news