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.

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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.

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Sources:

Report mistake Submit news