Iwata not interested in battling "a company like Microsoft," over third-party exclusivity

Speaking during analysts meeting during E3 last week, Iwata said while he isn't adverse to exclusivity deals like Nintendo's competition inks out on occasion, he didn't think it would be wise to get into a bidding war with Microsoft or Sony.

"While Nintendo is not entirely opposed to exploring that option, I don't think it would be an appropriate course of action for Nintendo to get into a battle with a company like Microsoft over the cost or the expense of trying to go head to head in a situation to try to obtain exclusive rights," he said.

"If a third-party developer or publisher has come up with an idea of a potentially very unique use of the Wii U functionality with such a device, there is a high possibility that Nintendo will be a partner with that third-party in an unprecedented manner."

Thanks, Gamasutra.