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Business deals

Nintendo invests in gaming-app provider

Console maker plans to diversify its Switch-dependent portfolio

Nintendo and Cygames will collaborate on the release of a role-playing app, "Dragalia Lost," later this year. (Photo from Cygames press release)

TOKYO -- Nintendo on Friday announced an investment in Cygames, a Japanese gaming app provider.

Nintendo said it will buy 5% of Cygames' shares by May 31.

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