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As Nintendo, I'd do the following:

1) Buy any indie studio that makes indie games that sell one million copies or more, that is willing to be bought. They become exclusives from here on out, and all of them have increased budgets to let them truly make the games they want to make. Any that have been able to sell two million copies get an increased budget (modest amount). Any that have sold three million or more get the full-fledged support to make a AAA game based on their successful ip/ips. ShovelKnight HD? Yep!

2) Buy some smaller western studios, dissolve them, reincorporate their devs into Retro Studios, before dividing that company up into different teams building western Nintendo AAA exclusives (no A or AA games from this company).

3) Buy RARE (for the ips), clean house, and completely rebuild it by buying Playtonic and giving those guys control over RARE. Once rebuilt properly, make them focus on rebuilding old, still to this day popular ips and building new ones that don't fit into the sports or "always online" mold. But to do this would require the mass firing of probably hundreds of employees at the company.

Non-Nintendo:

4) I'd buy Arenanet, end Guild Wars 2. Complete modern engine remake of GW1 (make it far better looking than GW2's engine). Including Cantha (which they haven't done until now with the new game because of fear of offending China).

5) Buy Creative Assembly and make Narnia: Total War. All kinds of campaigns would be available throughout the ages based on which book they were in (sense the books were separated by thousands of years in some cases, at least in the Narnia world).

6) 3rd Party company would be assigned to make a new Paper Mario game. It's obvious, after the last three, that Nintendo has no interest in returning to the formula. Particularly from SS and CS. Because of this, they should just hire a studio to make a game that the fans actually want, rather than do it themselves and force oddities into it just so they don't get bored making more of the same stuff. I'd imagine some would hate this because it wouldn't be Nintendo making it, but it would finally give us the TTYD sequel so many of us have been waiting for.