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Netmarble on potential Nexon acquisition: "With some leverage we could do the funding ourselves"

Netmarble on potential Nexon acquisition: "With some leverage we could do the funding ourselves"

Lineage 2 Revolution publisher Netmarble has reaffirmed to investors its intention to acquire rival company Nexon after the latter went up for sale.

The Tokyo-headquartered Nexon has strong roots in South Korea and is available to buy after its founder announced his intention to sell his 98.64 per cent controlling stake in the firm - worth around $8.9 billion.

During an investor call following its Q4 financials, Netmarble CIO Jangwon Seo said it began reviewing the possibility of a Nexon acquisition two months ago. One month ago the company decided to make a bid.

While Netmarble executives were coy on precise details of how it will make a deal work, Seo said that with some leverage the publisher “could do the funding ourselves”. He noted there was cash available to help fund the deal.

Our sister-site PocketGamer.biz has more on the story.


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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