News

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 is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies