Tencent and Netmarble might team up to buy South Korean MMO giant Nexon

    
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It’s time for another round of our favorite gameshow, WHO’S BUYING NEXON THIS WEEK? I’m your host, Bree Royce, and with me today playing for the big win are Netmarble, Tencent, and private equity fund MBK Partners!

No, but really. We’ve been reporting on Nexon’s founding family’s offer to sell its nearly 99% interest in the company for the last couple of months. Patriarch Kim Jung-ju aims to net $8.9 billion US in the deal. The trick was finding the right buyer, and a whole bunch of major eastern corporations, including Kakao, expressed interest.

But it’s starting to look like the multi-way RvR is turning into a winning alliance. As the Korea Times reports, it appears that Netmarble is teaming up with both Tencent and MBK Partners in a “consortium” to attempt to buy the company. The publication says the bidding will begin next week; it has previously noted that Korea is reluctant to let a company so huge head overseas, so the inclusion of Netmarble and the South Korean equity firm in a deal with the China-based Tencent might grease the wheels.

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Fenrir Wolf

Who’s going to buy Nexon is like a mad, mad game of musical chairs on the corporate scale.

Alyn
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Alyn

“In days of yore”, we would all look bravely into the future that THIS was the change a company finally needed to bring happy gamers flocking to their new brand.

Now? Not so much-

Mewmew
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Mewmew

If a company team up lets someone outside of Korea get in on the bidding, maybe interested Western companies could try that as well?

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Daniel Miller

I still say Microsoft should buy it. To promote game pass and xbox in the east.

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Sorenthaz

Tencent seems to be hungry to put its hands in every pocket it can while grabbing up as many game companies as possible, so that’s no surprise that they’d be trying to do this. Getting a Korean agent that acts as basically a lesser Nexon helps too.

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Armsbend

I never thought anyone besides Tencent would buy them.

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PanagiotisLial1

I thought Activision or EA may want them as an opening to the eastern market but fair enough

Xijit
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Xijit

EA for sure does … but they just don’t have the cash to finance something that big.

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Armsbend

yeah it seems like both are in too much turmoil to make big purchases lately. You never know with a strong dollar though.

Xijit
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Xijit

EA’s biggest issue right now is Star Wars: it is their most valuable asset, but now they have got like ALL of their cash tied up multiple projects that are bogging down.

If it wasn’t for all the star wars shit they have got going on, EA could have easily paid for Respawn with cash instead of having to shut down Visceral & then cough up the rest of the deal in stock options.

Shit, they probably could have let Nexon buy Respawn & then just bought out Nexon after the check had cleared.

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Armsbend

Frankly buying Nexon would be a bad move anyway. You’d have to wade through their trash catalog, figure out how to manage Korean developers and wade through their own labor laws, etc. On the very surface, not worth it imho.

It isn’t as if Nexon has a lot of respect anywhere.