Nintendo makes Retro Studios a full subsidiary

Nintendo purchases $1 million in Retro stock, buying out the current owner.

Nintendo announced today that it has purchased $1 million in Retro Studios stock, making it the majority holder of the development house's shares. The purchase will buy out Retro Studios' current owner, Jeff Spangenberg, who, according to Nintendo, has decided to pursue new business interests. Nintendo made the decision to purchase Retro based on the development studio's work on Metroid Prime, the upcoming first-person adventure game for the GameCube.

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