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Report: Nexon put up for sale as founder and controlling stakeholder exits

Report: Nexon put up for sale as founder and controlling stakeholder exits

The founder of South Korean games giant Nexon Kim Jung-ju is reportedly selling his almost $9bn stake in the that firm's holding company.

That's according to Korean Economic Daily - as reported by Reuters - which claims via anonymous sources that the businessman has put his 10 trillion won ($8.9bn) stake in NXC Corp for sale.

That's 98.64 per cent of the company, in case you're curious, held by both Jung-Ju and other parties such as his wife.

It's also claimed that Deutsche Bank and Morgan Stanley are handling the sale.

Our sister-site PCGamesInsider.biz has the full story.


Editor - PC Games Insider

Alex Calvin launched PCGamesInsider.biz in August 2017 and has been its editor since. Prior to this, he was deputy editor at UK based games trade paper MCV and content editor for marketing and events for London Games Festival 2017. His work has also appeared in Eurogamer, The Observer, Kotaku UK, Esquire UK and Develop.

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