S. Korea's Kakao considering bid for Nexon
- 5 years ago
South Korean tech giant Kakao is reviewing a bid to take over the country's major online game publisher, Nexon.
A Kakao official said on Tuesday that the company has been internally reviewing whether to bid for the gaming company,... but also stated that it has not reached a decision yet.
Kakao's potential bid comes after reports that Chinese tech giant Tencent Holdings is also considering a bid for the local game developer.
Earlier this month, Nexon's founder announced plans to sell a controlling 98-point-64 percent stake in Nexon's holding firm,… which has an estimated value of nearly 9-billion U.S. dollars.
A Kakao official said on Tuesday that the company has been internally reviewing whether to bid for the gaming company,... but also stated that it has not reached a decision yet.
Kakao's potential bid comes after reports that Chinese tech giant Tencent Holdings is also considering a bid for the local game developer.
Earlier this month, Nexon's founder announced plans to sell a controlling 98-point-64 percent stake in Nexon's holding firm,… which has an estimated value of nearly 9-billion U.S. dollars.