Business Week is reporting that Nintendo has purchased a stake in web company Dwango and has subsequently seen its shares rise. For those unfamiliar with the company, Dwango is a business that provides content through mobile phones. However, Nintendo says it isn’t planning to distribute video games through Dwango’s video delivery system, Niconico. Nintendo presently promotes its iconic franchises through the system. Stock in Nintendo rose 5.15 percent to close at 13,070 yen in Tokyo, the highest since August 6th.