Sections

Disney reportedly offered controlling stake in Nexon

Search for a buyer continues as Korean publisher's founder meets with high-ranking Disney exec

Disney may be the preferred buyer as Nexon prepares to sell a controlling stake.

The Korea Herald, citing local daily news outlet JoongAng Ilbo, reports that founder Kim Jung-ju directly approached a high-ranking Disney representative to discuss a possible acquisition.

Jung-ju announced earlier this year that he was planning to sell a 98.64% stake in the company, which currently belongs to him, his wife and various other related parties.

Bidding was due to begin in early April, with the stake expected to fetch as much as 15 trillion won ($13.3 billion).

Disney has previously been named among parties interested in purchasing the stake, alongside Electronic Arts, Activision, Tencent, Amazon and Comcast.

Meanwhile, fellow Korean publisher Netmarble formed a consortium of local companies in an effort to keep control of Nexon within its home market.

Shortlisted bidders were revealed back in March, and included Tencent, Kakao, the MBK Partners consortium with Netmarble, Bain Capital and an unidentified foreign company.

Related stories

Nexon takes majority share in Patrick Söderlund's Embark Studios

Swedish studio is working on free-to-play co-op action game and a platform to make games development accessible

By James Batchelor

Nexon reportedly no longer for sale due to lack of buyers

Founder Kim Jung-ju halts plan to quit games business after low bids cast doubt on buyer financing

By Rebekah Valentine

Latest comments

Sign in to contribute

Need an account? Register now.