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Shares in the Tokyo-based video game company reportedly jumped by around 30 percent following the news.

Chris Kerr

January 3, 2019

1 Min Read

Nexon founder Kim Jung-ju is reportedly looking to sell a 98.64 percent controlling stake in the company's holding firm NXC Corp. for around $8.9 billion. 

As reported by Reuters (via the Korea Economic Daily), shares in the Tokyo-based video game company -- which operates various popular mobile and PC titles like MapleStory and Dungeon Fighter Online -- jumped by around 30 percent following the news.

The company has also helped bring a number of popular franchises like Need for Speed, Final Fantasy, FIFA, and Counter-Strike to the South Korean market. 

Morgan Stanley and Deutsche Bank have seemingly been brought in to manage the sale, and there's reported interest from potential buyers including Kakao Corp, Netmarble, EA, and Tencent.

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About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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