Nexon is officially up for sale

Nexon is officially up for sale

Eastern publishing giant Nexon is up for sale.

That's according to a report from Korean news site - as spotted by Ico Partners' Thomas Bidaux and read via Google Translate, so apologies - which says that Chinese firm is a prospective buyer and has announced it has appointed Goldman Sachs to help with the deal.

Apprarently, there is a forthcoming investment briefing later this year in San Francisco and Hong Kong to facilitate the sale of the 98.64 per cent stake owned by Nexon chief Kim Jung-ju in holding company NXC.

That share is worth around $9bn.

Activision, EA, Disney and Tencent are listed as interested parties.

This follows a report at the start of January about Jung-ju's sale of his stake.

More as this story unfolds. 

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.