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I really can't think of a scenario where Nintendo, as controlling as it is of its IP, would merge with either. With that said, it would be the most dominant force in the generation its in. I want to jokingly say PC, but Microsoft has been making steps towards that. At the same time, it a Japanese company. Though Microsoft did approach them at one point.
Ultimately. Microsoft. They are the only one with the money and resources to but and support Nintendo continuously