South Korean Tencent affiliate Netmarble announced today that it will launch an initial public offering to the tune of $2.35 billion US. That works out to approximately 17 million newly issued shares.
As GI.biz explains, Netmarble is hoping to pay off debts and increase its holdings, building "towards a state goal of being in the top five global gaming companies by 2020."
Reuters calls the IPO the second-largest for the country, sandwiched between two Samsung IPOs.
In the west, the company is probably best known for games like Lineage 2: Revolution, Prius, and Uncharted Waters; its recent partnership with Disney came with a license for Marvel and Star Wars titles as well.
Mobile gamers look like they will be getting an early Christmas present from Netmarble
, as Lineage II: Revolution's
launch has finally been dated for December 14th
Lineage II: Revolution is using the Unreal Engine 4 to create PC-like graphics for mobile devices, and will be releasing simultaneously on iOS and Android. The MMO has four races (Human, Dwarf, Elf, and Dark Elf) and a strong PvP system, as befits a Lineage game.
The mobile spin-off of the Lineage series has seen multiple delays, which have been cause for some concern. Developer Netmarble canceled the planned beta tests back in October and pushed the game from its November launch window. Plus, there is that whole awkward scene with NCsoft suing Netmarble over a different game entirely while the two studios collaborate on Revolution.
will make for awkward encounters in the corporate hallways.
Apparently NCsoft is levying a lawsuit against its own business partner, Netmarble, for infringing on the Lineage II IP with the latter's new mobile game, Aden. NCsoft claims that Netmarble was inserting Lineage II elements, such as names and phrases, into Aden without any permission. Netmarble's defense? It's a mobile game and not in direct competition with a PC MMO, so chill out.
This is quite uncomfortable as the two studios have been collaborating on Lineage II: Revolution, which is supposed to launch this month. You can check out Aden's trailer after the jump and let us know what you think of the two games' similarities (or lack thereof).
With all of the current, upcoming, and spin-off Lineage titles out there, you might need a flow chart to keep them all straight in your mind. One of these spin-offs, Lineage II: Revolution, is nearing its big day, as developer Netmarble is planning to launch the game in November.
What's strange is that Netmarble has canceled planned closed and open beta tests for the mobile MMO that were supposed to take place this month. Steparu posits that Revolution's release might conflict with the highly anticipated Lineage Eternal closed beta test in November and require more shuffling of dates.
Lineage II: Revolution has been in the making for over a year and a half and should come out for both Android and iOS devices. Its Unreal Engine 4 visuals are certainly the highlight of the game's reputation so far, but we'll have to see how it fares when it gets into the hands of gamers.
Looking for a powerhouse MMO to fit into your smartphone or tablet? One such contender deserves your attention, thanks to the legacy from which it draws.
Lineage II: Revolution is a planned spin-off from NCsoft's popular series that's being farmed out to Netmarble. We've known for a year now that such a game was in the works, although it was shrouded in secrecy under the code name of Project S. Revolution looks drop-dead gorgeous, using Unreal Engine 4 to create a game that looks like it should be on a PC.
You can get your first look at the game from a few overseas convention videos that are lurking after the break. The teaser page is up now too!
The MMO industry moves along at the speed of information, and sometimes we’re deluged with so much news here at Massively Overpowered that some of it gets backlogged. That’s why there’s The MOP Up: a weekly compilation of smaller MMO stories and videos that you won’t want to miss. Seen any good MMO news? Hit us up through our tips line!
This past week PlanetSide 2 got a level cap increase, League of Legends posted its world championship schedule, Albion Online got us to bone up on its world history, and more!
NCsoft and Netmarble are joining forces to make a mobile version of long-running fantasy MMORPG Lineage II. MMO Culture reports that the game is currently called Project S, and it is due sometime in 2016.
Netmarble is perhaps best known for developing the mobile RPG Marvel Future Fight as well as publishing free-to-play MMO Uncharted Waters Online through late 2013.
Relations between NCsoft and Nexon are not exactly comfortable at the moment; you may remember that it's been only a few months since NCsoft bought a large amount of Netmarble stock just to block any possible takeovers from Nexon. The most recent NCsoft shareholder's meeting seems to imply both companies are stepping back from that degree of brinksmanship, however. Current NCsoft CEO Kim Taek-Jin extended his time in office up through 2018, a move that Nexon executives present at the meeting did not oppose.
Nexon's representatives did question the purchase of Netmarble shares at a considerably higher price than they had been purchased in the past and Taek-Jin's appointment of his wife and brother to high positions within the company. Taek-Jin defended the former as a necessity of buying into a valuable and growing company, while he pointed out that his wife's appointment coincided with a growth in profits from the company's American division after it had been suffering from a deficit. It's unlikely that the fencing between the companies has concluded, but it appears to be at least on hold for the moment.
[Source: MMO Culture
Last year was a very good year indeed for Nexon
, which made $393M in revenue in 2014. However, Smilegate
clambered up to second place with an impressive $275.8M during the same period, largely thanks to the success of the online shooter CrossFire
MMO Culture has a chart on the top 10 publishers in Asia for last year. Third place went to NCsoft, followed by Netmarble and Com2uS. We'll be keeping a particular close eye on Smilegate, as the company is in charge of handling the gorgeous-looking OARPG Lost Ark.
[Source: MMO Culture
. Thanks to Paul for the tip!]
How do you prevent a hostile takeover? In NCsoft's case, you buy something. Specifically, you buy a large portion of shares from Netmarble while also engaging in a large-scale swap of stock between the two companies to provide a buffer against Nexon's moves toward a hostile takeover. The deal in question involved a purchase of $345 million worth of Netmarble shares along with a stock swap worth roughly $635 million, providing a larger financial hurdle for Nexon to jump if it still wants to take NCsoft by force.
Nexon is currently the largest single shareholder in NCsoft and recently put forth a list of demands for the company. A hostile takeover is still possible during NCsoft's next shareholder meeting in March.
[Source: MMO Culture
, Thanks to Paul for the tip!]