Nexon Shuts Down Their Irvine Studio

nexon headquarters logo

Nexon has shut down their main western headquarters in Orange County, California this week and have canceled all of the studio's in-development titles. According to GamesIndustry.biz, around 60 employees have been affected by the closure of the Irvine office including former Blizzard Entertainment and Carbine developer Stephan Frost who confirmed the unfortunate news on Twitter. Welp, 2020 continues to be [...]

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Nexon Reports Q3, 2019 Earnings, MapleStory Revenue at 16 Year High (All time)

Nexon reported Q3, 2019 earnings today which exceeded analyst expectations, resulting in a 10% jump in the company's stock price. The highlights for the quarter included record high revenues for MapleStory. Despite the game being 16 years old, revenues for it are at an all time high. “Around the world, players are showing a growing preference for games supported by [...]

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Nexon Hands Over Riders Of Icarus Publishing Rights To Valofe Global As Their Contract Expires

riders of icarus dragon golem

High-flying fantasy MMORPG Riders of Icarus has officially been operating in North America for three years. Apparently, three years also marks the end of Nexon America’s contract as the game’s publisher. In an announcement on the game’s official site, Nexon thanks the community and officially passes on the torch to Valofe Global. “NEXON would like to thank our Riders of [...]

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Nexon Shares Take A Dive Following Reports That The Tech Giant Is No Longer For Sale

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Nexon’s share prices have taken an unexpected hit after a local newspaper reported that Kim Jung-ju has changed his mind about selling his controlling stake in the tech giant. According to Bloomberg, the company’s share prices have gone down as much as 5% bringing Kim’s stake valuation down from $8.6 billion to $6.1 billion. Back in January, Nexon made headlines [...]

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Nexon Reports Record Q1 2019 Revenues

While we still don't know who's going to end up buying Nexon, the company reported their Q1 2019 earnings report today and numbers were impressive across the board; the company reported revenues of $848M for the quarter, up 3$ year over year with net income (profit) coming in at $487M. Revenues came in strong thanks to the continued strong performance [...]

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South Korean Newspaper Reports Disney Was Pitched For Nexon Acquisition

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According to the South Korean newspaper The Korea Herald, NXC's (Nexon's parent company) chairman, Kim Jung-ju, personally approached high level Disney executives about purchasing his company. NXC owns 47.02% of Nexon, but maintains business control of the company. NXC is basically a holding company that owns a large stake in Nexon and ownership of a few other smaller entities, such [...]

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Nexon Narrows Down List Of Bidders, Tencent And Kakao Still In The Game

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Since South Korean gaming company Nexon went up for sale in January, we’ve been keeping a close eye on who will be submitting bids for 98.64% controlling shares of the $8.9 Billion company. So far, a number of high profile companies have already joined the bidding war including Amazon, Electronic Arts Entertainment, Kakao Corp., Comcast, and the Tencent, NetMarble, and [...]

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AxE: Alliance vs Empire

AxE: Alliance vs Empire is a mobile RPG for iOS and Android that features high-quality 3D graphics and action-oriented combat set in an open fantasy world. Choose from six playable classes and enter massive 150-player PvP battles in a grand war of survival. Publisher: Nexon Type: Mobile Action RPG Release Date (Global): February 21, 2019 Shut Down Date: June 30, [...]

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