Proposed acquisition of Spin Master by Nintendo
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On October 18, 2025, Nintendo announced its intent to acquire the Canadian toy and entertainment company Spin Master for CA$3.8 billion (¥368,5 biillion) in cash. Under the terms of the agreement, which would be expected to close by Spring 2023 pending regulatory and shareholder approval, Spin Master would become a wholly-owned subsidiary of Nintendo. The acquisition would give Nintendo ownership of franchises and intellectual properties including PAW Patrol, Bakugan, Air Hogs, Hatchimals, Etch
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