Tencent, Kakao, Three Others To Make Bids For Nexon Holding Company

Jason Winter
By Jason Winter, News Editor March 4, 2019
Share:

Nexon's holding firm, NXC Corp, has reportedly narrowed its list of bidders down to five companies. That list includes Chinese internet giant Tencent, along with South Korea's Kakao, best known in the West for publishing Black Desert Online.

This comes via Reuters, which got its information from the Korea Economic Daily newspaper. Other potential bidders include private equity firms Bain Capital and MBK Partners, but not Netmarble, which was previously reported as forming a partnership with Tencent. Instead, Tencent appears to be going it alone now, while Netmarble is part of the MBK group. The identity of the fifth potential bidder is "an unidentified private equity firm."

That would seem to rule out the foreign media companies whose names were dropped in last week's news about the sale, though it's possible that, like Netmarble and MBK, they could be a part of the fifth bidder.

The value of the sale is reported to be about 15 billion South Korean won, or about $13.3 billion, up from the high of $10 billion that was initially reported. The formal bidding process will take place in early April.

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

In this article: Nexon, Tencent, Kakao.

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 (1)

rickshaw 2 years ago
Its hard to comprehend.


You May Enjoy

Yu-Gi-Oh! Master Duel Gameplay - First Look From A Third Rate Duelist

Yu-Gi-Oh! Master Duel Gameplay - First Look From A Third Rate Duelist

You can bring the tabletop game to your PC, but is it firing on all cylinders?

By Michael Byrne - 17 hours ago
Battlefield 2042 Is Getting A Better Scoreboard in February's Update 3.3

Battlefield 2042 Is Getting A Better Scoreboard in February's Update 3.3

Tomorrow's Update 3.2 Offers More Stability Fixes And Better Portal XP

By Jason Winter - 5 days ago
Apex Legends Introduces Freedom Fighter Mad Maggie, Coming In Season 12

Apex Legends Introduces Freedom Fighter Mad Maggie, Coming In Season 12

Also: LTM control-point mode and giveaways of three legends to celebrate third anniversary.

By Jason Winter - 23 hours ago
Things Get Festive In Phantasy Star Online 2: New Genesis’s Winter Event

Things Get Festive In Phantasy Star Online 2: New Genesis’s Winter Event

Snow and Rappies in festive winter outfits…what more could you want?

By QuintLyn Bowers - 1 week ago
Activision Blizzard Has Cut Or Disciplined About 80 Workers Since July

Activision Blizzard Has Cut Or Disciplined About 80 Workers Since July

Kotick reportedly delayed the news and one major Investor has issued a "list of demands"

By Jason Winter - 1 week ago
RuneScape Board Game And Tabletop Role-Playing Game Coming This Year

RuneScape Board Game And Tabletop Role-Playing Game Coming This Year

Steamforged Games has adapted several video games for tabletop, including Horizon: Zero Dawn and Dark Souls.

By Jason Winter - 20 hours ago
See More
Live Giveaways