NCSoft -Netmarble Deal Attempts to Stop Nexon Takeover

NCSoft has signed a new deal with Netmarble in an effort to stave off a potential hostile take over attempt by one of its largest shareholders, Nexon. With the stock trade between the two gaming companies, NCSoft has erected a shield against Nexon.

Last week, we reported that tension between Nexon and NCSoft were mounting and that the potential for aggressive action on the part of Nexon existed due to differences in each company's philosophy with regard to managemet.

We'll keep you posted as this story continues to develop and as the time for the next NCSoft shareholder meeting nears.

Source: MMOSite