Anonymous
6/12/2025, 6:55:22 PM No.712455947
Bloomberg reports that Chinese giant Tencent Holdings Ltd. is actively exploring the possibility of acquiring South Korean company Nexon Co., known for its hits such as MapleStory, Dungeon Fighter, The Finals and Arc Raiders, as Nexon is the parent company of Embark.
Tencent has reached out to the family of late Nexon founder Kim Jung-ju to discuss a possible takeover, according to people familiar with the matter. Kim’s family members are reportedly already in talks with advisers and evaluating various options.
Kim’s relatives hold their stake through the family investment firm NXC Corp., which, along with affiliate NXMH BV, owned 44.4% of Nexon. Kim’s wife and daughters own about 67.6% of NXC.
It is unclear how much NXC is willing to sell its stake in Nexon, and there is no certainty that Tencent’s discussions will lead to a deal. The structure of any deal has not yet been finalized. A Tencent representative did not respond to a request for comment, while Nexon and NXC declined to comment.
The move comes as Tencent, which already tried to acquire Nexon in 2019, makes new attempts to enter South Korean assets.
Tencent has reached out to the family of late Nexon founder Kim Jung-ju to discuss a possible takeover, according to people familiar with the matter. Kim’s family members are reportedly already in talks with advisers and evaluating various options.
Kim’s relatives hold their stake through the family investment firm NXC Corp., which, along with affiliate NXMH BV, owned 44.4% of Nexon. Kim’s wife and daughters own about 67.6% of NXC.
It is unclear how much NXC is willing to sell its stake in Nexon, and there is no certainty that Tencent’s discussions will lead to a deal. The structure of any deal has not yet been finalized. A Tencent representative did not respond to a request for comment, while Nexon and NXC declined to comment.
The move comes as Tencent, which already tried to acquire Nexon in 2019, makes new attempts to enter South Korean assets.
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