Inc. (Nasdaq: AMZN)  has acquired gaming studio Double Helix Games LLC for undisclosed price.

The deal is reportedly meant to bolster Amazon’s goal to produce its own gaming console to compete with Nintendo Co. Ltd. (TYO:7974) and Sony Corp. (NYSE: SNE), maker of PlayStation.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.