Our latest coverage of Nexon.
Nexon’s share prices have taken an unexpected hit after a local newspaper reported that Kim Jung-ju has changed his mind about selling his controlling stake in the tech giant. According to Bloomberg, the company’s share prices have gone down as much as 5% bringing Kim’s stake valuation down from $8.6 billion to $6.1 billion. Back in January, Nexon made headlines [...]
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While we still don't know who's going to end up buying Nexon, the company reported their Q1 2019 earnings report today and numbers were impressive across the board; the company reported revenues of $848M for the quarter, up 3$ year over year with net income (profit) coming in at $487M. Revenues came in strong thanks to the continued strong performance [...]
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According to the South Korean newspaper The Korea Herald, NXC's (Nexon's parent company) chairman, Kim Jung-ju, personally approached high level Disney executives about purchasing his company. NXC owns 47.02% of Nexon, but maintains business control of the company. NXC is basically a holding company that owns a large stake in Nexon and ownership of a few other smaller entities, such [...]
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Since South Korean gaming company Nexon went up for sale in January, we’ve been keeping a close eye on who will be submitting bids for 98.64% controlling shares of the $8.9 Billion company. So far, a number of high profile companies have already joined the bidding war including Amazon, Electronic Arts Entertainment, Kakao Corp., Comcast, and the Tencent, NetMarble, and [...]
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Nexon has been on sale for some time now and all eyes are on who will be bidding for controlling shares of South Korea’s largest gaming company. Last week, Netmarble and Kakao Games backed by Tencent submitted their bids for the Korean gaming giant. According to VentureBeat Amazon, Electronic Arts, and Comcast have also just joined the bidding war. Other [...]
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Nexon reported their Q4 2018 and full year 2018 earnings report recently which showed that revenues increase 8% year over year from ~235B Yen ($2.12B) to 254B Yen ($2.29B). The jump in growth can largely be attributed to the following: MapleStory revenues increased a whopping 67% year over year thanks to the game's successful Summer update in South Korea Dungeon [...]
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AxE: Alliance vs Empire is a mobile RPG for iOS and Android that features high-quality 3D graphics and action-oriented combat set in an open fantasy world. Choose from six playable classes and enter massive 150-player PvP battles in a grand war of survival. [singlepic id=76549 w=428 h=240 float=left] Publisher: Nexon Type: Mobile Action RPG Release Date (Global): February 21, 2019 [...]
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Got $9 billion to spare? That’s exactly how much a South Korean gaming giant is going for these days. Earlier this month, Nexon founder and Kim Jung-ju announced his plans to sell his 98.64% stake in the holding company NXC Corp. NXC Corp. controls 47.98% of Nexon along with two other cryptocurrency exchanges. GamesIndustry.biz reports that the controlling shares are [...]
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Kim Jung-ju, the founder South Korea's largest gaming company, is putting his entire 98.64% stake in holding company NXC Corp for sale. NXC Corp itself controls 47.98% of Nexon and ~80% of Korbit and Bitstamp, two cryptocurrency exchanges. The stake is currently valued at ~$10 billion which would make it biggest ever Korean sale of this nature. Kim Jung-ju founded [...]
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MapleStory 2's first major update, the Skybound Expansion is set to arrive in several phases with the first coming on December 6th. The first phase will introduce a brand new class, the Soul Binder. Wielding a spiritual form of magic called animus, the Soul Binder has trained in the mysterious Halo Mountains and is now ready to join the battle [...]
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