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Nexon has invested in Bandai Namco, Konami and Sega Sammy

Date Type Companies involved Size
March 29th, 2021 investment Bandai Namco
Konami
Nexon
Sega Sammy Holdings
Not disclosed
Nexon has invested in Bandai Namco, Konami and Sega Sammy

Japanese-based games firm Nexon has revealed that it has invested money in games companies Bandi Namco, Konami and Sega Sammy.

In a release on its website, the organisation disclosed these stakes to investors, in addition to an investment the firm had made in toy specialist Hasbro. During 2020, Nexon invested 58 per cent – $874 million – of the $1.5 billion that it was authorised to put behind worthy companies. There are a number of other investments that apparently do not meet the threshold for disclosure.

“We believe companies with strong, well-managed global IP are often overlooked and undervalued in a market that is narrowly focused on introductions of new IP,” CEO Owen Mahoney (pictured) said.

“These investments reflect our respect for management teams that create and grow global properties over a period of years and decades. We believe that each has potential to capitalize on the secular shift from linear formats to interactive entertainment.”

“These investments represent a good use of our cash in a low-interest environment and we are extremely pleased with the initial results. While leveraging partnerships was not a consideration in our investment decisions, we are pleased with the dialogue that has ensued with some companies.”

Last week, Nexon announced that Disney vet Kevin Mayer had joined its board.


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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 PCGamesInsider.biz. 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 GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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