Nexon Bidding Postponed Due To "High Acquisition Price" That Even Tencent Is Reluctant To Pay

Jason Winter
By Jason Winter, News Editor
Share:

Is there a limit to how much Tencent is willing to pay to acquire Nexon? The answer appears to be "yes."

The Korea Times is reporting that the May 15 deadline for final bids for the company that holds a majority share in Nexon has been extended yet again, due in large part to the "high acquisition price," which even the biggest gaming companies in the world are balking at. Estimated at 10 trillion won, or about $8.4 billion, the high sale price "is a huge amount of money even for Tencent," said one investor.

In addition to Tencent, Kakao and Netmarble have been active in talks to acquire Nexon, though each has only about two trillion won available, according to The Korean Times. This is apparently forcing Netmarble to create a consortium with private equity firm MBK Partners, and possibly attract overseas investors, if it wishes to continue in the bidding process.

The bidding deadline has been moved to the end of the month, though it wouldn't be surprising at this point to see it postponed again as all sides seek the best possible deal.

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

In this article: Nexon, Tencent, Netmarble, Kakao Games.

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 (0)


Read Next

ISP Offers $1,000 And Free Internet For A Year For Fortnite Streamer

ISP Offers $1,000 And Free Internet For A Year For Fortnite Streamer

You might not be Ninja, but now you -- yes, you!...

By Jason Winter - 3 years ago

You May Enjoy

Fallout 76 Announces Removal Of Illegal Weapons Mods

Fallout 76 Announces Removal Of Illegal Weapons Mods

Some folks are about to be very unhappy.

By QuintLyn Bowers - 4 days ago
DDO 2023 Development Roadmap Reveals 17th Anniversary Plans, Mini-Expansion, And Performance Improvements

DDO 2023 Development Roadmap Reveals 17th Anniversary Plans, Mini-Expansion, And Performance Improvements

After overhauling and adding new features last year, Daybreak continues rounding out the game with fresh content.

By Anthony Jones - 1 day ago
Game Design Spotlight #25: A Look At Stance Dancing In MMORPGs And Its Eventual Demise Across Mainstream Games

💣 Feature | Game Design Spotlight #25: A Look At Stance Dancing In MMORPGs And Its Eventual Demise Across Mainstream Games

Streamlined gameplay experiences impact combat's most complex and high-risk aspects.

By Anthony Jones - 3 days ago
Warframe Dev Stream Announces New Bug-Frame, "Star Days" Event, And Continues Prep For 10th Anniversary And Cross Save

Warframe Dev Stream Announces New Bug-Frame, "Star Days" Event, And Continues Prep For 10th Anniversary And Cross Save

Known as Citrine, the Bug-Frame will be the 52nd Warframe coming to all platforms soon.

By Anthony Jones - 1 day ago
League Of Legends Source Code Stolen During Cyber Attack Last Week; Riot Receives Ransom Email

League Of Legends Source Code Stolen During Cyber Attack Last Week; Riot Receives Ransom Email

"Today, we received a ransom email. Needless to say, we won't pay."

By Anthony Jones - 4 days ago