Tencent Explores Potential Acquisition of Nexon

According to BlockBeats, Tencent Holdings Ltd. is considering a potential acquisition of South Korean gaming company Nexon. The company has reportedly reached out to the family of Nexon's late founder, Kim Jung-ju, to discuss the possibility of a deal. The Kim family is currently consulting with advisors to evaluate various options. Sources indicate that it remains uncertain how willing NXC, Nexon's parent company, is to sell its stake in Nexon, and there is no guarantee that Tencent's discussions will lead to a transaction. The specific structure of any potential deal has yet to be finalized. Representatives from Tencent have not responded to requests for comment, while Nexon and NXC have declined to comment. Nexon, known for role-playing games such as 'MapleStory,' was founded in 1994 and completed the largest tech IPO in Japan in 2011. Its Tokyo-listed shares have risen over 10% this year, with a market value of approximately $15 billion. Tencent previously attempted to acquire Nexon in 2019 but was unsuccessful. The two companies have collaborated on developing Tencent's revenue-generating game 'Dungeon & Fighter.'