Nintendo to buy back shares from the family that built the company

By Adam Rosenberg February 3, 2014

nintendo receives certification unknown new video player iwata — Image used with permission by copyright holder

Nintendo is set to buy back as much as 7.4-percent of its shares from the family of Hiroshi Yamauchi, the company’s third president (out of four) and the grandson of founder Fusajiro Yamauchi. The share buyback has an estimated value of roughly $1.1 billion, though Bloomberg notes that it’s not clear how much Nintendo intends to purchase. Yamauchi’s heirs reportedly have a “desire to sell.”

The buyback deal, which is set to go through on February 4, is the latest development in Nintendo’s ongoing effort to stop the bleeding after a dismal financial performance in 2013. The company’s financial forecast for the coming year points to sizable losses as consumers continue to ignore the Wii U. Current president and CEO Satoru Iwata faced investors last week in order to lay out a rough plan for survival, one that includes more aggressive outreach & messaging in the mobile space, and possible new directions for the company’s business.

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Consolidating ownership under the company’s banner also makes it easier for Nintendo to entertain the possibility of aligning its future with another company. As Iwata himself said in an interview with the Japanese paper Nikkei following the investor address, “We should abandon old assumptions about our businesses. We are considering [mergers and acquisitions] as an option. For this reason, we’ll step up share buybacks.”

It’s not clear if this share buyback is motivated by internal conversations about an existing merger opportunity, or if it’s just a preparatory move designed to ease the process when such an opportunity presents itself. Either way, tomorrow’s sale is poised to inform what could be a pivotal moment for the company during what appears to be an important transitional year.

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Former Digital Trends Contributor

Previously, Adam worked in the games press as a freelance writer and critic for a range of outlets, including Digital Trends…

Gaming

Play these 3DS and Wii U games before Nintendo shutters their online features

Captain Falcon in Super Smash Bros. for Wii U.

In April 2024, Nintendo will discontinue online services across its Wii U and 3DS consoles. While the eShops for both systems were shut down in March 2023, this will remove the online functionality of many apps and games, making gaming on either of these platforms an almost entirely offline experience. As a result, many games on those systems will lose important features and never be quite the same to play afterward. So, you'll need to get some gaming time in by next April if you want to refresh and preserve the memories of playing online on these two underdog Nintendo platforms.
While the aforementioned eShop closures make it impossible to buy new games digitally, plenty of games that you likely already own physical copies of or already had downloaded have online features that won't work properly come April 2024. As such, we recommend you play the following games online before the discontinuation of those services next year.
Kid Icarus Uprising

Kid Icarus Uprising is mostly remembered for its entertaining story, charismatic characters, and odd controls, but it also features a surprisingly fun multiplayer experience in Together Mode. In multiplayer, up to six players can use powerful weapons and abilities from the main adventure in one of two modes. Free-for-all lets players loose on a map, tasking them with racking up the most kills within a set time limit. Light vs. Dark is more complex, as two teams of three face off until enough players are defeated that one respawns as an angel; when that powered-up angel is killed, the match is over.
While far from balanced, Kid Icarus Uprising's Together Mode is one of the most entertaining competitive multiplayer experiences exclusive to 3DS. It can be played locally, using bots to fill in empty spots, so thankfully it won't stop working entirely. Still, it's not easy in 2023 to come across multiple people near you who have copies of Kid Icarus Uprising and want to play. As such, check out this cult classic 3DS game's hidden gem of a mode before praying that the rumors of a remaster eventually become true.
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Gaming

Nintendo is shutting down online services for 3DS and Wii U next April

Mega Man and Mario fight in Super Smash Bros. for 3DS and Wii U,

Nintendo confirmed it will widely shut down online services for Nintendo 3DS and Wii U games in April 2024, which will be just over a year after it discontinued the Nintendo eShop on those systems.
This deactivation of most of the online services for those platforms was revealed on X (formerly Twitter) and Nintendo's support site early Wednesday. "In early April 2024, online play and other functionality that uses online communication will end for Nintendo 3DS and Wii U software. This also includes online co-operative play, internet rankings, and data distribution," the message says. "We will announce a specific end date and time at a later date. Please note that if an event occurs that would make it difficult to continue online services for Nintendo 3DS and Wii U software, we may have to discontinue services earlier than planned. We sincerely thank players for using the online services of Nintendo 3DS and Wii U software over a long period of time and apologize for any inconvenience."
Essentially, this means that after April 2024, you won't be able to use any online features in things like 3DS Pokémon games or Super Smash Bros. for 3DS and Wii U anymore. Nintendo does say in the Q&A section of its support article that people will still be able to play games offline and redownload updates and games from the Nintendo eShop for the foreseeable future. Pokémon Bank will remain unaffected, so it'll still be possible to transfer Pokémon from Ruby and Sapphire all of the way to Pokémon Home. However, SpotPass support and other online-focused applications like Nintendo Badge Arcade will stop working entirely.

Just like the Wii U and 3DS eShop closure that caused a ruckus earlier this year, this move is a blow to game preservation and will forever harm some games not available anywhere else. While it's understandable that Nintendo might want to move on from these systems' dated online infrastructure, it's still a disappointing move for those of us who spent a lot of time playing games offline and online on these systems.

Gaming

Before the Wii U eShop closes, pick up the best Zelda remaster ever

Link waving in Wind Waker HD.

As we approach the final days of the Wii U’s life span with the impending eShop closure, I’ve been reflecting on my time with that system. Although it’s considered a low point for Nintendo, the Wii U and 3DS era was when I truly became a fan of the company, closely following every new announcement and release. I enjoyed many great Nintendo games on Wii U, like Super Mario 3D World and Xenoblade Chronicles X. Still, The Legend of Zelda: The Wind Waker HD is the Wii U game I still come back to the most.

Maybe it’s because I got the Wind Waker-themed Wii U that included the game as a pack-in, but I fell in love with the HD remaster. Not only did it show off the console's power with gorgeous updated visuals, but it fixed a couple of issues with the original and used the system's GamePad seamlessly. On top of that, it's a charming and surprisingly bold game that still stands as one of the best games in the series 20 years after its North American release on GameCube.