Not Nintendo's style. They do some M&A, but at their own pace, and they do it to pick up the talent, not the IP.
It would be downright stupid to buy a company which is spending tons of money on competitors systems, and has exclusivity contracts with those competitors. The company would have to spend an entire generation porting/re-starting all their games, basically becoming a money pit in that time. See: Microsoft buying Rare.
"[Our former customers] are unable to find software which they WANT to play."
"The way to solve this problem lies in how to communicate what kind of games [they CAN play]."
Satoru Iwata, Nintendo President. Only slightly paraphrased.







