Daily news, dev blogs, and stories from Game Developer straight to your inbox
Shares in the Tokyo-based video game company reportedly jumped by around 30 percent following the news.
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.
Read more about:2019
About the Author(s)
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.
You May Also Like
Exploring the 2024 State of the Game Industry report - Game Developer Podcast ep. 39Feb 2, 2024
Phantom inspiration and the ethical auteur with Xalavier Nelson Jr.Dec 8, 2023
Designing Killer Queen: from playground experiment to modern arcade sensationOct 18, 2023
Rod Humble and King Choi illustrate the ambition of Life By YouSep 22, 2023
Get daily news, dev blogs, and stories from Game Developer straight to your inbox
Subscribe to Game Developer Newsletters to stay caught up with the latest news, design insights, marketing tips, and more