Post by Admin on Apr 21, 2019 1:44:39 GMT
www.bleedingcool.com/2019/04/20/nexon-reportedly-in-talks-for-a-disney-acquisition/
Nexon Reportedly In Talks For a Disney Acquisition
Posted by Gavin Sheehan April 20, 2019
Disney’s quest to buy and own everything media related on the planet may be moving forward on the gaming front a bit with Nexon. a few different sites have caught onto an article from The Korean Herald in which they say NXC Chairman Kim Jung-ju has approached Disney with a deal to purchase a stake in their company for an offer worth $13.2 billion. Here’s a snippet from the article.
In early January, Kim announced the intention to sell his and his wife’s 98.64 percent majority stake in NXC, the holding company of Nexon Japan with a 47.02 percent stake. Nexon Japan completely owns Nexon Korea.
By March, shortlisted in the Nexon bid were Kakao, MBK Partners with Netmarble, Tencent, Bain Capital and an undisclosed foreign establishment.
But Disney reportedly has a special place in Kim’s heart.
“What I envy the most about Disney is that they do not force money out of kids … (consumers) gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death,” Kim Jung-ju was quoted as saying in an anecdote in Nexon’s foundation story, “Play,” published in 2015. He was referring to the common practice of effectively requiring players to make in-game purchases.
Nexon currently publishes the MapleStory series, but they are also a major player in Korea helping maintain PC titles like CS:GO, Final Fantasy XIV, Dungeon Fighter Online, and Battlerite. Disney having a stake in that company would be a major step to establishing themselves more in South Korea, at least from a gaming end. Which frankly speaking, if you’re Disney, it wouldn’t be a bad thing to have a major foothold in one of the biggest gaming countries on the planet.
Nexon Reportedly In Talks For a Disney Acquisition
Posted by Gavin Sheehan April 20, 2019
Disney’s quest to buy and own everything media related on the planet may be moving forward on the gaming front a bit with Nexon. a few different sites have caught onto an article from The Korean Herald in which they say NXC Chairman Kim Jung-ju has approached Disney with a deal to purchase a stake in their company for an offer worth $13.2 billion. Here’s a snippet from the article.
In early January, Kim announced the intention to sell his and his wife’s 98.64 percent majority stake in NXC, the holding company of Nexon Japan with a 47.02 percent stake. Nexon Japan completely owns Nexon Korea.
By March, shortlisted in the Nexon bid were Kakao, MBK Partners with Netmarble, Tencent, Bain Capital and an undisclosed foreign establishment.
But Disney reportedly has a special place in Kim’s heart.
“What I envy the most about Disney is that they do not force money out of kids … (consumers) gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death,” Kim Jung-ju was quoted as saying in an anecdote in Nexon’s foundation story, “Play,” published in 2015. He was referring to the common practice of effectively requiring players to make in-game purchases.
Nexon currently publishes the MapleStory series, but they are also a major player in Korea helping maintain PC titles like CS:GO, Final Fantasy XIV, Dungeon Fighter Online, and Battlerite. Disney having a stake in that company would be a major step to establishing themselves more in South Korea, at least from a gaming end. Which frankly speaking, if you’re Disney, it wouldn’t be a bad thing to have a major foothold in one of the biggest gaming countries on the planet.