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  Microsoft buys game developer Rare
Time: 17:31 EST/22:31 GMT | News Source: News.com | Posted By: Byron Hinson

Microsoft has acquired British game developer Rare, a Nintendo executive confirmed Friday. Nintendo said in a statement that it has sold its 49 percent interest in Rare--developer of games based on popular Nintendo franchises such as Donkey Kong--but declined to name the buyer or price. But Peter MacDougall, executive vice president at Nintendo of America, confirmed to CNET News.com that the sale was part of Rare's acquisition by Microsoft, which now owns Nintendo's 49 percent stake and Rare's majority share.

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