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That happened last october but now it's effective, the company does mostly video codecs and DRM:

Mobiclip is now a subsidiary of Nintendo. Mobiclip is a Research and Development center specialized in the field of highly optimized software technologies. We are commited to provide the gaming industry with the latest innovations in middleware.

http://www.inside-games.jp/article/2012/02/11/54502.html

http://www.mobiclip.com/