If you’ve played some popular MMORPGs like MapleStory, then you’ll have at least heard of its publisher, Nexon. It’s one of the biggest video game companies in South Korea. And now, its founder, Kim Jung-ju is selling 98.64% of its stocks.
More specifically, Kim is selling the stocks of NXC, the umbrella that holds the Nexon name. This includes Nexon of Korea itself, Nexon America and Nexon Europe.
To be precise, the founder plans on selling 98.64% of his stocks. Stocks that amount to approximately KRW10 trillion (~RM36.9 million). They are held jointly by Kim and his wife, among others cohorts. It is also understood that Kim intends to give 1% of the stocks sold – which is about RM369 billion – back to society.
Considering the size of the company, it will take an equally large – if not larger – mega corporation to buy almost all of NXC’s stocks. Reports indicate that potential buyers include Chinese conglomerate Tencent, US publisher EA, and Korean competitor Netmarble Corp.