Tencent has put out feelers relating to a possible acquisition of South Korean developer Nexon, a report from Bloomberg suggests. In line with the article, the Chinese language firm has already reached out to the household of Kim Jung-ju, who based Nexon in 1994 and left his shares to his spouse and daughters following his loss of life in 2022.
Although the household doesn’t personal an outright majority of the corporate, it’s by far Nexon’s largest shareholder.
Kim’s household transferred some shares in Nexon’s holding firm to the Korean authorities to settle the inheritance tax invoice, which could complicate any upcoming transaction — though the federal government is outwardly on the lookout for a purchaser of those shares anyway, in line with native media stories cited by Bloomberg.
Tencent already weighed an acquisition of Nexon in 2019, however no deal was reached on the time. Not one of the corporations needed to touch upon the report, Bloomberg mentioned, and its personal sources confirmed that no deal has taken form but.
The Chinese language firm lately invested in Ubisoft throughout the French writer’s restructuring and both absolutely owns or possesses giant stakes in quite a few different gaming corporations all over the world.
Nexon lately emerged as the favourite to develop a brand new recreation underneath the StarCraft IP following a aggressive bidding course of in opposition to different South Korean builders.
