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  "documentTitle": "Nintendo Co., Ltd. (7974.T)",
  "authorId": "25_Oasis_Management",
  "authorName": "Seth Fischer",
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  "presentationDate": "2014-02-26 00:00:00",
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  "notes": "This is a formal shareholder letter from Oasis Management to Satoru Iwata of Nintendo.",
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      "kind": "callout",
      "text": "Adapting the Nintendo library for smartphones could profoundly alter the complexion of the \"attention share\" currently occupied by Facebook, WhatsApp, and mobile games developers.",
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      "text": "I was prompted to write this follow up, open letter to you after analyzing Facebook's purchase of WhatsApp for $19 billion. We believe that Facebook's decision demonstrates the value placed on maintaining supremacy in the limited pool of mobile social interaction.",
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      "text": "Oasis, a private investment fund management company, is an advisor to entities that are the beneficial owners of shares of Nintendo Co. Ltd.",
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      "text": "February 26, 2014. Mr. Satoru Iwata, President and CEO, Nintendo Co., Ltd.",
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      "text": "What Nintendo can learn from Netflix. In 2013, Netflix grew revenues by 21%, and the stock price increased by 296% - the best performer in the S&P 500.",
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      "text": "According to media reports, users in many countries spend up to 25% of their time on smartphones using WhatsApp. As the holder of what is arguably the largest library of casual games, Nintendo is well placed to make an immediate entry into mobile.",
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      "text": "I am following up on my letter to you dated June 11, 2013, in which I wrote to you that as both customers and shareholders, Oasis would like to see Nintendo develop and sell games for the iOS and Android platforms.",
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