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the_dengle said:

Well, your reasoning is sound. But Nintendo had an "acquisition" while Crytek has a "licensing deal." Wouldn't acquisition imply that Nintendo bought Crytek? That would be a terrible move for Crytek.

They acquired "tech". Was it confirmed that they acquired a company?

Curiously, all of the news was about it being a "non-Japanese, non-games company". But what if the interpretation was slightly wrong? What if it was a non-"games company"? What if it wasn't a company? If the deal was for CryEngine, which is certainly non-Japanese and non-"games company", while being "tech", it would make sense. If they acquired some special CryEngine license, such as one that guaranteed that games developed with CryEngine would be published on Nintendo platforms, it could be worth $100 million.

I'm not saying it's guaranteed. But I could see it happening.