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swii26 said:

Nintendo NEVER fully owned Rare, they invested in 49% of the company making it a second party developer. Nintendo was offered to buy out Rare but wasn't interested so Rare founders Chris and Tim Stamper sold their 51% share to Microsoft before leaving the company along with many others. Nintendo eventually sold their share to Microsoft... It would have been silly for 2 competing companies to own parts of the same developer.

Nintendo kept their franshises (Donkey Kong & Star Fox) and Microsoft got all the rest


Actually, the Stamper brothers remained in the company until 2007. They didn't leave until the company was "completely transformed" from what they had created.

Just a minor detail.