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Nintendo Co Ltd. (NTDOY)
Nintendo teams with Masahiro Sakurai

Nintendo - February 18, 2009

Submitted by apujanata (14935) at 4:32AM PST on February 18, 2009

Nintendo announced today the formation of Project Sora, a subsidiary that will develop a new title to be directed by Smash Bros. Brawl director Masahiro Sakurai. Located in Tokyo's Idabashi area, the new studio, officially formed on January 22, has capital of 200 million yen, provided 72% by Nintendo, with Sakurai's studio Sora and other parties providing the rest. Sakurai will serve as the company's president. The studio has, or will have, a staff of 30.

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