Nintendo Creates Acquisitions Fund

The Japanese business publication Toyou Keizai Shinpousha is reporting that Nintendo has established a special fund for use with future mergers and acquisitions. The fund is believed to be primarily directed towards acquiring hardware technology resources that the company does not possess internally. According to its 2003 financial report the company has liquid assets of $6.2 billion, although the amount set aside for this particular fund is unknown. Source: 1up