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NCsoft in talks to acquire Ntreev Soft

SK Telecom deal should reach a conclusion by end of July

Rachel Weber avatar
Feature by Rachel Weber Senior Editor
Published on

South Korean company NCsoft is apparently in talks with SK Telecom about a planned acquisition of its videogame company Ntreev Soft, developer of the successful Pangya golf game.

According to reports from Korea, the talks could reach a conclusion by the end of the month.

It was early June when SK Telecom announced it was selling a 63.7 per cent stake in Ntreev Soft, and both NCsoft and SK Telecom were rumoured to have shown interest in the company. The stake was expected to fetch 80-100 billion won.

NCsoft was founded in 1997, and focuses on MMORPGs including Guild Wars, City Of Heroes and Aion. In May it announced a 30 per cent rise in net profits.

Related topics
NCsoft Ntreev Soft
Author
Rachel Weber avatar

Rachel Weber

Senior Editor

Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.