Nexon and NCsoft part ways

    
90

After a turbulent partnership, MMO companies Nexon and NCsoft have finally parted ways.

Nexon sold its 15.08% of shares back to NCsoft today, ending the two companies’ intertwined and sometimes hostile relationship. The sale of 3.37 million shares amounted to a whopping $533 million and was managed by Morgan Stanley. NCsoft Chief Executive Kim Taek-jin bought 440,000 of those shares personally, raising his stake in the company to 12%.

Nexon first bought into NCsoft back in 2012, looking to forge a beneficial synergy between the two companies. However, the association quickly turned sour as Nexon began exerting demands on NCsoft that the latter resisted, a move that was followed by NCsoft purchasing Netmarble stock as a plan to resist a hostile takeover from Nexon. Tensions between the companies have been frosty ever since.

Advertisement
Previous articleThe Daily Grind: How would you mix MMO features to create the best one ever?
Next articleBossa Studios boss on Worlds Adrift’s business model, PvP, and more

No posts to display

90 Comments
newest
oldest most liked
Inline Feedback
View all comments