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

Jason Winter
By Jason Winter, News Editor May 16, 2019
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)


You May Enjoy

Starting On June 21, Fall Guys Will Be Free For All Players And Comes To Switch And XBox

Starting On June 21, Fall Guys Will Be Free For All Players And Comes To Switch And XBox

Old players and new players alike, welcome to the Blunderdome!

By Aspen Pash - 1 week ago
Latest New World Blog Post Offers More Details On Expedition Mutators

Latest New World Blog Post Offers More Details On Expedition Mutators

The devs talk about the inspirations behind the feature and how they made it work.

By QuintLyn Bowers - 1 week ago
FFXIV Players Teleported To Jail After Using Mods During Live Broadcast

FFXIV Players Teleported To Jail After Using Mods During Live Broadcast

What is the future of FFXIV and third-party tools moving forward from these events?

By Aspen Pash - 2 weeks ago
Hunt: Showdown's 1.8.1 Update Brings Brand-New Quest System And Rewards

Hunt: Showdown's 1.8.1 Update Brings Brand-New Quest System And Rewards

Time to get down and dirty in the bayou!

By Anthony Jones - 1 week ago
Elite Dangerous Is Here With Their Next Weekly Update As Console Players Get PC Version For Free

Elite Dangerous Is Here With Their Next Weekly Update As Console Players Get PC Version For Free

Narrative driven updates are soon to come.

By Aspen Pash - 2 weeks ago
Call Of Duty: Vanguard Multiplayer Is Free Now Until May 24

Call Of Duty: Vanguard Multiplayer Is Free Now Until May 24

Players will have access to all maps and modes, including the new Mayhem Multiplayer map, Arms Race, and more.

By Aspen Pash - 1 week ago
See More
Live Giveaways