The launch screen of Nintendo Co.'s Super Mario Run mobile game is arranged for a photograph on an Apple Inc. iPhone in Tokyo, Japan, on Thursday, Dec. 22, 2016. The game, released for Apple devices on Dec. 15, features the company's iconic plumber running across a scrolling landscape to rescue Princess Peach. Photographer: Kiyoshi Ota/Bloomberg
CyberAgent Inc jumped the most in more than four years after announcing a partnership with Nintendo Co. to jointly develop smartphone games.
Shares of the Tokyo-based mobile game maker surged as much as 16% in early trade, the most since November 2013. As part of the deal, Nintendo will take a 5% stake in subsidiary Cygames Inc for an undisclosed sum, they said in a statement Friday. Nintendo’s existing mobile partner DeNA Co slumped as much as 5.7% after the announcement.
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