Nintendo has announced it will be acquiring Shiver Entertainment from Embracer Group.
Shiver Entertainment previously worked on Scribblenauts Showdown, but is largely known for its porting work, having previously helped to port Scribblenauts Mega Pack, Mortal Kombat 1, Mortal Kombat 11, and Hogwarts Legacy to Switch.
Embracer Group has previously acquired Shiver at the end of 2021. Despite Nintendo’s acquisition, it seems that Shiver’s role won’t see a major change, as Nintendo says it “aims to secure high-level resources for porting and developing software titles.”
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Nintendo Co., Ltd. (HQ: Kyoto, Japan, President and Representative Director: Shuntaro Furukawa; hereinafter “Nintendo”) hereby announces that it has entered into an agreement with Embracer Group AB (HQ: Karlstad, Sweden, CEO: Lars Wingefors) to acquire 100% of the outstanding shares of Shiver Entertainment, Inc. (HQ: Miami, Florida, U.S; CEO: John Schappert; hereinafter “Shiver”) and to make it a wholly owned subsidiary (the “Acquisition”).
1. Purpose of Acquisition
Shiver is a video game development company that develops software for multiple platforms including Nintendo Switch. Since its establishment in 2012, Shiver has partnered with publishers and developers through commissions for large scale title developments, and recently, has worked on porting and developing software titles such as Hogwarts Legacy and Mortal Kombat 1.
Nintendo will acquire 100% of the outstanding shares of Shiver and make it a wholly owned subsidiary. By welcoming Shiver’s experienced and accomplished development team, Nintendo aims to secure high-level resources for porting and developing software titles. Going forward, even after it becomes a part of the Nintendo group, Shiver’s focuswill remain the same, continuing commissions that port and develop software for multiple platforms including Nintendo Switch.
The Acquisition will be completed pending satisfaction of all relevant customary closing conditions.
2. Subsidiary Overview
① Name Shiver Entertainment, Inc.
② Location 9350 S Dixie Hwy Suite 930 Miami, FL 33156 United States
③ Representative title and name CEO John Schappert
④ Business lineup Porting and development of video game software
⑤ Capital stock USD 10 (as of May 2024)
⑥ Date of foundation December 11, 2012
3. Future Business Projection
The Acquisition will have only a minor effect on Nintendo’s results for this fiscal year.
