Founder of S. Korea's gaming giant Nexon reportedly to sell controlling stake in holding firm
- 5 years ago
넥슨 김정주 지분매각 추진...인수기업은 아직 불투명
South Korean gaming giant Nexon could be taken over by foreign entities.
Sources say the founder Kim Jung-ju is considering selling a 98 percent stake in Nexon's holding company.
Yoon Jung-min has the full story.
Industry observers have been saying the founder of Nexon Corporation, Kim Jung-ju has reportedly been planning to sell off a controlling stake in Nexon's holding company NXC Corporation.
In a press release on Friday, Kim did not deny the sell-off plan, and announced that he is considering ways to make his company more competitive, hinting that sell-off could be one of the possible options.
Media reports have suggested the founder is considering selling a 98-point-64 percent stake in the holding company. The stakes owned by himself, his wife and by other companies are worth a total of 5-point-32 billion U.S. dollars.
NXC is the largest shareholder of Nexon, which is listed on the Tokyo stock market and controls Nexon Korea.
Market watchers say the estimated value of the stakes may be worth 9 billion dollars when counting the value of other companies NXC currently owns.
The sell-off is expected to be the most expensive of its kind in the domestic game industry.
Industry watchers say potential buyers include Chinese tech firm Tencent and U.S. video game company Electronic Arts.
Local games businesses have expressed concerns that it will be difficult for them to cooperate on industry-related issues if the gaming giant is taken over by a foreign company.
Yoon Jung-min, Arirang News.
South Korean gaming giant Nexon could be taken over by foreign entities.
Sources say the founder Kim Jung-ju is considering selling a 98 percent stake in Nexon's holding company.
Yoon Jung-min has the full story.
Industry observers have been saying the founder of Nexon Corporation, Kim Jung-ju has reportedly been planning to sell off a controlling stake in Nexon's holding company NXC Corporation.
In a press release on Friday, Kim did not deny the sell-off plan, and announced that he is considering ways to make his company more competitive, hinting that sell-off could be one of the possible options.
Media reports have suggested the founder is considering selling a 98-point-64 percent stake in the holding company. The stakes owned by himself, his wife and by other companies are worth a total of 5-point-32 billion U.S. dollars.
NXC is the largest shareholder of Nexon, which is listed on the Tokyo stock market and controls Nexon Korea.
Market watchers say the estimated value of the stakes may be worth 9 billion dollars when counting the value of other companies NXC currently owns.
The sell-off is expected to be the most expensive of its kind in the domestic game industry.
Industry watchers say potential buyers include Chinese tech firm Tencent and U.S. video game company Electronic Arts.
Local games businesses have expressed concerns that it will be difficult for them to cooperate on industry-related issues if the gaming giant is taken over by a foreign company.
Yoon Jung-min, Arirang News.