Tencent plans a $15 billion acquisition of Nexon, further positioning itself in the global gaming market.

[Chain News] PANews, June 12 - According to reports, Tencent is exploring a potential acquisition of Nexon for $15 billion to further enhance its gaming business. Insider sources revealed that Tencent has contacted the family of the late founder Kim Jung-ju to discuss the possibility of the acquisition. Currently, Kim Jung-ju’s family holds 44.4% of Nexon through their family investment company NXC Corp., with Kim Jung-ju’s wife and daughter holding approximately 67.6% of NXC Corp.

Sources say it is still uncertain whether NXC is willing to sell its shares in Nexon, and there are doubts about whether Tencent’s transaction review can be completed, as the deal structure has not been finalized. It is worth noting that Tencent attempted an acquisition of Nexon in 2019, but failed to reach an agreement due to price issues.

KIM5,15%
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