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Nintendo partners with Cygames on gaming app for smart devices.

Nintendo and Cygames reached a business agreement to partner on a new gaming application for smart devices. In summer of 2018, Nintendo will release "Dragalia Lost," an all-new original action RPG application designed by Cygames for smart devices. Nintendo has been co-developing and will jointly operate the game with Cygames, bringing to life the shared vision of a new gaming experience with worldwide appeal. The gaming application will be released globally, starting with Japan, Taiwan, Hong Kong and Macau. With the support of Nintendo's group companies, it will launch in North America and Europe as well. For the purpose of facilitating the partnership, Nintendo will obtain approximately 5% of Cygames's issued stocks mainly through a third party allocation of its treasury stock. The impact of this partnership to Nintendo's business is factored into this fiscal year's financial forecast.

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Publication:The Fly
Date:Apr 26, 2018
Words:138
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