Nintendo buys a (porting) studio from Embracer

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This is a great move; their Switch ports of Mortal Kombat 11 and Hogwarts Legacy were considerable accomplishments.

Having their porting expertise under Nintendo's umbrella could help streamline bringing more PS/Xbox/PC games to the successor.

Another possibility is they could do support work for Nintendo's projects, similar to how Monolith Soft has helped work on everything from Splatoon to Zelda.