NCsoft buys Netmarble stock to block hostile takeover by Nexon

    
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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!]
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extremexcarver
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extremexcarver

Care to elaborate on that?

SneakySmirk
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SneakySmirk

I played a lot of  games from Nexon and only a few from NCSoft, I gotta say I hope NCSoft can take Nexon down. Mabinogi and Vindictus are my current only remaining games that I ever go back to from time to time from Nexon while NCSoft Guild Wars 2 always provides solid content. Same with what little moments I was in Aion. I never liked Nexon’s business models that forced you to pay up to progress or hold more items because of what little item space they give you. I was more fond of the B2P business model.

Devil Olive
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Devil Olive

Jmerithew87 You can be assured that Nexon’s reputation is well deserved and will impact GW2.  In fact, Nexon’s negative influence on GW2 has already been felt for the last couple years with their imposition of a monetization czar on the game.

Ernost
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Ernost

What a curious time we live in, where the corporate politics of game developers are followed just as intently as the development of the games themselves.

Jmerithew87
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Jmerithew87

As long as this doesn’t have an impact on GW2, I couldn’t care less how it plays out.

NCsucks
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NCsucks

NCsoft, when you go down, make sure to say hello to CoH on the other side.

greywolfe_joystiq
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greywolfe_joystiq

dirtyklingon 
yay!  good song!

greywolfe_joystiq
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greywolfe_joystiq

Craw 
i still see a fair number of requests for classic wow servers around.  i do think people would like to go back.
one of the things i’d like, for example [even if it isn’t a rollback] is an undoing of the cataclysm.  i hated what they did to those zones i remember so fondly.
i’m not particularly thrilled with their current story [or the pandaren story in mists] which is why i got out.  and i expect there’s lots of people like me.  we’re just not a big enough group that we can convince blizzard that they’re steering the wrong way.
[my problems with current wow:  cataclysm ruined the world i loved.  i didn’t mind the new zones, but the world was sundered and that was terrible.  i spend as little time in the classic zones as i can, now.
mists was marketed one way and then turned out another:  early on, they were saying it was going to be a vacation expansion, no big bad [like vanilla] just you killing stuff and relaxing.  then, i guess, their focus tests showed that people didn’t like that, so they plopped in a big bad in gary stu garrosh.
draenor takes the gary stu theme – all orcs all the time – and runs with it to an exhausting degree in a “false” outland that i didn’t think was necessary to showcase.  everything is “badass!”  and it just feels like a twelve year old got hold of the game and designed what he thought was cool.
at this point – and as a result of those story hooks – and as a result of the nauseating focus on “the horde all the time” [and i’m horde, by the by] i got out and am not likely to stick around if i do re-subscribe.]

greywolfe_joystiq
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greywolfe_joystiq

Dobablo 
you win the thread.  ;)
that would be awesome :)
they all deserve each other ;)

Craw
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Craw

dragonwhimsy dirtyklingon Dnote tanek_09 Wratts Eskatun The Secret World’s cash shop is significantly less intrusive.