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

Total 98.64 per cent stake owned by Kim Jung-ju up for grabs, it seems
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.