Game-machine maker Nintendo Co. said Thursday it has bought out its U.S. software-developing affiliate, Retro Studios Inc., making it a wholly owned subsidiary.
The firm acquired Retro's remaining 55 million shares for $1 million. Nintendo had previously held 15 million shares, or a 21.4 percent stake, in the Texas-based company. It bought the remaining shares in a bid to boost its software-developing capacity.