Japan's Nintendo to develop smartphone games with online firm

Japan video game maker Nintendo Co Ltd and online gaming firm DeNA are teaming up to develop smartphone games featuring the likes of Super Mario, in a bid to retain users increasingly shunning their console and browser-based games. As a result, Nintendo will acquire a 10 percent stake in DeNA while DeNA will acquire a 1.2 percent stake in Nintendo. The companies will jointly develop and operate gaming apps, including those with Nintendo's iconic game characters, for smartphones.