Nintendo reveals it has acquired the developer behind the Xenosaga and Baten Kaitos RPG series.

According to a report by Japanese publication Nikkei Business, Nintendo has purchased 80% of the stock in developer Monolith Software, replacing Namco Bandai as majority shareholder. Readers should note that Monolith Software is not the same as Monolith Productions, the Washington-based studio behind F.E.A.R.

Nintendo announced during E3 2006 that Monolith Software would develop the original property Disaster: Day of Crisis for Wii, though few details about the game have come forward since then. How this stock deal will affect the development of Monolith Software's titles is currently unknown.

Vermillion via thewiire.com »