Netmarble And Tencent Form Consortium With Eye Toward Purchasing Nexon Founder's Stake

Jason Winter
By Jason Winter, News Editor February 14, 2019
Share:

We've known for a while now that half of Nexon was for sale. And we've also known that Tencent was one of the bidders.

Oh wait, we didn't know that? Well, maybe not with absolute certainty, but where there's a big game company that's up for sale, it's a near-guarantee that Tencent will be involved in the transaction.

The Korea Times is reporting that Netmarble, along with Tencent and a private equity fund, has formed a consortium to purchase the the share of NXC Corp., which is owned by Nexon founder Kim Jung-ju and controls 47.98% of Nexon. At nearly $9 billion in value, Kim's stake is too much for one company to afford, the Korea Times says, while also saying that Tencent has "as much as $100 billion in cash reserves."

Despite being headquartered in Japan, Nexon has strong Korean ties. A Netmarble official is quoted as saying that "If Nexon is sold to an overseas firm, the Korean game industry and ecosystem could be damaged and its competitiveness weakened." While that statement refers to other interested companies not located in Asia, it might also explain why Netmarble is getting top billing in the transaction over Tencent, even if the Chinese company might foot most of the bill.

Share:
Got a news tip? Contact us directly here!

In this article: Nexon, Tencent, netmarble.

About the Author

Jason Winter
Jason Winter, News Editor
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.

Discussion (2)

charles 3 years ago
Really why would they even want nexon?''. LMAO. Good luck

View 1 reply

You May Enjoy

Activision Blizzard's Anti-Union Tactics Are Ineffective As QA Testers At Raven Software Mail Voting Ballots

Activision Blizzard's Anti-Union Tactics Are Ineffective As QA Testers At Raven Software Mail Voting Ballots

In the face of last-resort union-busting meetings and emails, these employees aren't swayed.

By Anthony Jones - 1 week ago
Finally, The New Valtan Legion Raid And Deskaluda Guardian Raid Are Coming To Lost Ark

Finally, The New Valtan Legion Raid And Deskaluda Guardian Raid Are Coming To Lost Ark

Enough players finally meet the requirements.

By QuintLyn Bowers - 2 weeks ago
Minion Masters Patch 1.35 Is Out Now Making Things A Bit Colder

Minion Masters Patch 1.35 Is Out Now Making Things A Bit Colder

Players are introduced to two brand new cards to unleash upon their foes.

By Aspen Pash - 2 weeks ago
Path Of Exile’s Sentinel Expansion Launches On PC Today

Path Of Exile’s Sentinel Expansion Launches On PC Today

Oh, and MacOS too.

By QuintLyn Bowers - 1 week ago
Blizzard Entertainment Introduces Their First VP Of Head Of Culture

Blizzard Entertainment Introduces Their First VP Of Head Of Culture

Maybe a new addition to the team can help push Blizzard in the right direction.

By Aspen Pash - 2 weeks ago
May The 4th Celebration Still Rages On In Fortnite Bringing Obi-Wan Kenobi To The Island As Show Launch Nears

May The 4th Celebration Still Rages On In Fortnite Bringing Obi-Wan Kenobi To The Island As Show Launch Nears

If you compete in the Obi-Wan Kenobi Cup, you just win all the rewards coming early!

By Anthony Jones - 2 hours ago
See More
Live Giveaways