Two days ago, we learned that Nintendo, The Pokémon Company, and Google are combining to invest $20 million into Pokémon GO, with another $10 million pledged if certain conditions are met. It looks like Nintendo’s investors are happy with this investment, as the company’s stock jumped 4% following the announcement.

This isn’t a massive surge in stock, but Nintendo’s value has been slowly declining for several weeks, so this 4% actually puts their stock at its highest point in over a month. Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities Co. in Tokyo, says investors see this as a sign that Nintendo is making a strong effort to develop smartphone games.

Source: Bloomberg

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