Korean Online Gaming Giant Nexon Invests in Social Games Expert 6waves

Nexon, a large Korean gaming company known for online multiplayer games, has invested in 6waves, a social games company that recently merged with San Francisco-based Lolapps. Terms of the investment were not disclosed, but reports leaked earlier this week after Hong Kong-based 6waves filed a document with the SEC saying it had raised $35 million. The investment follows the recent launches of Nexon’s popular MapleStory on Facebook and mobile. (Correction: This post originally and incorrectly referred to Nexon as a Japanese company.)


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald