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Is Disney Ready to Take Over Nexon? Possibly, According to a S. Korean Newspaper

Suzie Ford Updated: Posted:
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The Korea Herald business section is reporting that Nexon Chairman Kim Jung-ju has approached Disney to discuss acquisition. Kim has said, "What I envy the most about Disney is that they do not force money out of kids. [Consumers] gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death." Kim and his wife currently own 98.64% of Nexon stock and announced in January their intent to sell. Up to recently, the short list included, among others, Tencent, Kakao, and Netmarble.

The anticipated price for the stake to go on sale is 15 trillion won ($13.2 billion), with premiums for business management rights on top of the Nexon Japan share price, which closed up slightly at 1,681 yen ($15) Tuesday, but slid to 1,558 yen as of 1:30 p.m. Wednesday.

Check out the full article at the Korea Herald.

Thanks as always to our tipster crew!


SBFord

Suzie Ford

Suzie is the former Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom