Nintendo to Acquire 9.5 Million Company Treasury Shares Tomorrow

on February 3, 2014 8:01 AM

Nintendo revealed in a new document that they will be acquiring up to 9,500,000 treasury shares tomorrow, and after an announcement on January 29th will gain up to 10,000,000 shares:

Nintendo

While this sort of business deal might sound strange or alarming, it’s a rather normal business move that helps to keep stock prices stable and investors happy, as their own shares don’t plunge in value. It’s also a way for Nintendo to safeguard their company from a hostile takeover.

The shares come from Yamauchi heirs, who are letting go of some of them to pay for inheritance tax.

 /  Staff Writer
A Reviews Editor at DualShockers who is always looking to improve her writing and delve deeper into the industry. She is shamelessly in love with JRPGs and can easily rack up 100+ hours from level grinding alone. Even though she graduated from Hofstra University with a B.A. in Public Relations, her talent and wisdom (read: blind luck) landed her a job at DualShockers, where she continues to plot her escape by betraying their secrets for power and world domination.