Nexon's founder and owner has said he wants to sell all of his shares

Earthquake in the video game industry after it became known that the creator of Nexon wants to sell all his shares in the company.

Totally unexpected surprise within the video game industry. The Nexon company of the video game segment that in 2017 generated 234.900 billion yen in revenue, about 2.200 billion dollars. This company, which in 2017 generated $ 550 million net in revenue, is for sale. We are talking about one of the ten most important video game companies in the world. The owner and founder of NXC Corp, parent of Nexon, Kim Jung-Ju has revealed that he wants to sell his shares in the company.

Nexon owner wants to sell the company

Reuters is also reporting that the shares of Nexon's subsidiaries, such as Nexon GT Co LTD and Nat Games Co., have started to rise in value per share. 47% of the video game company is owned by NXC Corp. The shares rose rapidly after the announcement, which came from being stable and once the market opened, they fell again in value.

Reports suggest that Kin Jung-Ju and his wife Yoo Jung Hyun and other related parties will sell 98.64% of NXC Corp. This is estimated to be worth about 10.000 billion pounds, about 8.900 billion dollars. The amount of money is notorious and the buyers do not seem to be overflowing. It is already pointed out that Electronic Arts, Netmarble and Tencent could be the three companies interested in buying the company.

Nothing is firm yet. The only thing that is known is that Deustche Bank and Morgan Stanley will manage the sale. A Nexon worker has told InvenGlobal that "Nexon and NXC do not have an official statement to give at this time"

Notably, titles developed and managed by Nexon are increasing in popularity, especially in Asia. This makes it quite an interesting bet for a large company.

Source: wccftech