“The Deal Could Help Tencent Secure Long-Term Control over Popular Intellectual Property and Expand ITS Presance in the South Korean Gaming Market.”, – WRITE: www.coindesk.com
The FIRM HAS REPORTEDly Approached the Family of Nexon’s Late Founder Kim Jung-Ju, Who Controls a 44.4% Stake In Nexon Via Holding Company NXC Corp, To Discussion.
Discussions are Still Preliminary, and there’s no Gurantee they will result in a deal, the report States, Citing Sources Close to the Matter.
If SuccessFul, TenCent Wound Be ACQUAIRING A $ 16.6 Billion Market Capitalization, A MOVE THAT COURuld Reignite Its Ambitions in Global Gaming M & A After AFTERLOKED SLOWDOWN In 2020.
The Deal Could Help Tencent Secure Long-Term Control over Popular Intellectual Property and Give It A Firmer Footold in South Korea’s Lucrative Gaming Market.
But Any Deal would be complicated.
The Kim Family Inherited Control After the Founder’s Death in 2022 and Has Since Handed Shares to the Korean Government to Cover Inheritance Taxes. The Government Has Been Unable to Offload Its Stake.
TENCENT PREVIUSLY TRIDED TO BUY NEXON IN 2019, But Talks Collapsed Over Prting. This New Attempt Follows TenCent’s $ 1.3 Billion Investment in A New Ubisoft Unit and A 10% Stake in K-Pop Label SM Entertainment.
The Chinese Tech Giant Is Also Expanding in the Blockchain Space, Announcking Earlier Itar That Itar It Has Sigrated A Memorandum of Understanding (Mou) To Develop A Suitry
Read More: S. Korean Gaming Giant Nexon to Use Polygon for Popular Maplesory Universe
