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konnichiwa said:

It is just annoying because it would mean that those games probably stay on Nintendo devices, exactly what gamers don't want anymore. 

Secondly, chasing growth continiously will potentially harm the consumer.

This. I can see the benefits a company like Level-5 would get from being under Nintendo administration but kind of fucked up if they have to go back to be another Nintendo studio after their recent success post 3DS era. I support exclusives but Level 5 worked hard to get their magic back by themselves.  

If they acquire Mercurysteam to be the main dev of 2D Metroid that would be ok tho and because I think there's no way Bayonetta 2 and 3 release outside the Switch then Platinum Games would also be another reasonable option.