Kakao is apparently considering a bid for Nexon as sale process heats up

    
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Over January, we’ve been covering the future of Nexon, whose controlling owner, Kim Jung-ju, is aiming to sell his nearly 99% stake in the Korean gaming giant and its massive stable of profitable MMORPGs. That works out to about $9 billion US. Our piece a week or two ago noted that Electronic Arts, Activision, Tencent, and Disney were all possible contenders for that kind of buyout, but here comes another one: Kakao.

As reported in the Financial Times, Kakao is apparently considering a bid. Kakao is well-known to MMO players as its video game branch, Kakao Games publishes Black Desert as well as PUBG. But the company itself is a major internet corporation in South Korea, with multiple branches in transport, messenging services, and even banking.

Financial Times also says that sources suggest Tencent and a private equity firm have become more serious and that “the sale has shaped up into a competitive bidding process.” The publication also hints that there’s a bit of nationalism involved, as the South Koreans would generally prefer to keep Nexon in local hands.

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Mewmew
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Mewmew

They should ask Blizzard Daybreak how it’s doing these days with Financiers and CFOs running the show.

(Fixed that for you)

Alyn
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Alyn

uhm, couldn’t help myself

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Utakata

Actually the Kakaocabana is going through my head after reading this. o.O

Godnaz
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Godnaz

The Asian market battle between Kakao and Tencent heats up. Net Ease whispers instigating things in their ears while Nintendo and Sony eat popcorn.