$9 Billion Nexon Controlling Shares Now Officially For Sale
Got $9 billion to spare? That’s exactly how much a South Korean gaming giant is going for these days. Earlier this month, Nexon founder and Kim Jung-ju announced his plans to sell his 98.64% stake in the holding company NXC Corp. NXC Corp. controls 47.98% of Nexon along with two other cryptocurrency exchanges.
GamesIndustry.biz reports that the controlling shares are now officially up for sale. Investment banks Deutsche Bank and Morgan Stanley will be facilitating the deal and are now officially accepting bids. Activision, EA, Disney, and TenCent are just some of the companies interested in the deal along with a few US investment firms such as Carlyle, KKR, and TPG.
Contrary to popular belief and TV dramas, billion dollar deals don’t just happen overnight. So stay tuned and we’ll keep you posted as the whole thing unfolds.