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South Korea's Netmarble makes plans to purchase Nexon

South Korea's Netmarble makes plans to purchase Nexon

South Korean publisher Netmarble wants to buy one of its biggest local competitors Nexon and is putting together a consortium to make a bid that could be worth as much as $9 billion.

Nexon is effectively up for sale after its founder and controlling stakeholder put his shares up for sale. The holding company owns a 98.64 per cent stake in the publisher, worth around $9bn.

Reuters reports that Netmarble, which publishes games such as Marvel Contest of Champions and Lineage 2: Revolution, said it had considered the acquisition for two months before putting a purchase plan into action a month ago.

The full story is over on PocketGamer.biz


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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