Nexon Pays $685 Million for Stake in South Korean Game Company

Nexon, a Seoul-based game company that recently raised $1.2 billion in an IPO on the Tokyo Stock Exchange, has bought a $685 million stake in NCsoft, a South Korean maker of online games. Nexon is known for such free-to-play games as MapleStory, while NCsoft develops massively multiplayer online game titles, including Lineage and Guild Wars. Nexon paid KRW 250,000 in cash for each share, for a total acquisition cost of KRW 804,522,750,000. Nexon is now NCsoft’s largest shareholder, with a 14.7 percent ownership stake.


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik