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Many who blamed Nintendo for selling Rare to M$ should be blaming the original founders; the stamper brothers are the ones who sold the company (their 51% share). Since Nintendo only had 49 percent of the company they had to sell it to Microsoft who had the bigger half.

Even if nintendo decided to buy the other half, I dont think MS were willing to sell it all willy nilly. they would've wanted a nice pretty penny for it.