Netmarble to Form Consortium for Takeover of Nexon

Published on 2019/02/10 | Source

Game developer Netmarble is likely to form a consortium with Korean hedge fund MBK Partners and Chinese tech company Tencent to join the bid to take over Korea's largest gaming company Nexon.

An industry insider said, "What looks likely is that MBK Partners brings in most of the funds, and Netmarble takes charge of management".

Tencent's investment will be smaller, but it is already the third largest shareholder of Netmarble with 17.6 percent.