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+--- Thread: Nexon invests $687M in NCsoft, becomes largest shareholder (/showthread.php?tid=54616)
Nexon invests $687M in NCsoft, becomes largest shareholder - Polantaris - 2012-06-10
http://massively.joystiq.com/2012/06/08/nexon-invests-6-8m-in-ncsoft-becomes-largest-shareholder/
Quote:MMO competitors and countrymen-in-arms Nexon and NCsoft are closer than ever today, as Nexon has acquired a minority interest in its fellow company. The move makes Nexon NCsoft's largest shareholder.
Nexon announced that it had invested in NCsoft by snapping up 3,218,091 shares in a private transaction. The deal cost Nexon 804,522,750,000 South Korean Won, or $687 million US. This puts Nexon's share ownership of NCsoft at 14.7%.
It will certainly be interesting to see how this investment affects the future of both Nexon and NCsoft. Nexon said that it "forms the basis of a long-term partnership" between the two companies.
Nexon has been making aggressive moves of late, particularly with acquiring Taiwanese publisher Gamania last month.
Edit: Oh oops. I just noticed this in the Nexon Announcements thread. I didn't check there before I posted. Sorry, my bad.