Nexon Buys Nearly 15 Percent Stake in NCsoft

June 8, 2012 -

A few months ago rumors were flying that Japanese MMO company Nexon was going to buy a gigantic company like Electronic Arts. Today we see a more realistic investment from the company responsible for Maple Story and other free-to-play games in the U.S. Nexon has bought a 14.7 percent stake in South Korean MMO maker NCsoft. Nexon purchased 3,218,091 shares from NCsoft CEO Taek Jin Kim for ₩804,522,750,000 (approximately $686.8 million USD).

"This transaction brings together NCsoft's strong pipeline of compelling IP and Nexon's leading international publishing platform and expertise in the operation of free-to-play online games," said Nexon in a press release. "This investment forms the basis of a long-term partnership, enabling both companies to leverage their strengths to facilitate attractive commercial opportunities. By creating this strategic relationship, both Nexon and NCsoft strengthen their commitment to deliver unrivalled gaming experiences to users around the world."

Source: GamesIndustry International

 


 
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