Nintendo buys Monolith Soft from Bandai Namco.
Monolith Soft is a Japanese entertainment company, specializing in creating video games for various consoles. The company was founded in 1999 by producer Hirohide Sugiura after he left Square Co. and accepted an investment from Namco.
Monolith Soft is known for making games like Xenosaga and Baten Kaitos. Currently they are developing Disaster: Day of Crisis for the Wii.