Chinese and South Korean publishing giants Tencent and Netmarble have formed a consortium as both companies look to acquire games developer Nexon, according to The Korea Times.

The consortium also consists of private equity firm MBK Partners. Reports indicate that a preliminary bid for Nexon will be made official as soon as February 21st, 2019.

Tencent already has ties with Nexon having partnered on distribution rights for online beat ’em up title Dungeon Fighter Online in China.

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