Report: Nexon Is Up For Sale

The founder of Nexon, Kim Jung-ju, is reportedly putting his 98.64% stake in the company up for sale, with EA and Tencent said to be interested. Although not huge in the West, Nexon are massive in South Korea and other Asian territories.

Some outlets had reported that Kim Jung-ju was removing himself from the business as he was tired of the regulations that were being imposed, including those in China, but that has been refuted by the company

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The reports about CEO Kim Jung-ju looking to sell his shares because of increasing regulations and mentioning about being tired from regulations is different from the truth. We are in the process of verifying the sales and it’s taking a bit of time because of issues with our official announcement. Regardless of that fact, we are trying to make an announcement about this as soon as possible but it may be in the days that follow.

Nexon America took a hit when they backed, and subsequently canned, Cliff Bleszinski’s Lawbreakers.

Source: Kotaku / PSL

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