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Nintendo is most likely always looking to buy good studios that won't cost them too much money so large studios make no sense, and if they start to suck, they'd just sale them off like Rare, so might as well create new ones and hire new talents who'd jump to work for Nintendo at any time of the day. Acquiring studios is not so simple as just buying them, there a lot of processes and talks that'd have to go on, and I'm sure most won't fit Nintendo's description since they are the big boys, not the studios.