Microsoft has been looking to acquire Nintendo for a while now. Phil Spencer considers it "THE asset in gaming". He tried to talk to the higher ups at Nintendo but had no success. He has since been in contact with a former Microsoft Board of Director (ValueAct), which has been buying Nintendo stock worth $1.1 billion. Phil believes that, as a shareholder, ValueAct can put pressure on Nintendo to increase market growth, and he thinks that could create an opportunity for MS to acquire Nintendo.
Phil says that acquiring Nintendo at some point would be a career moment for him, and that it would benefit both companies. He said that it's just taking Nintendo a long time to see that its future exists off of its own hardware.
I never thought I'd see a take even worse than the ones Necrokiller comes up with, but Phil Spencer wins