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S. Korea's Kakao considering bid for Nexon

2019-01-30 9 Dailymotion

South Korean tech giant Kakao is reviewing a bid to take over the country's major online game publisher, Nexon. <br />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. <br />Kakao's potential bid comes after reports that Chinese tech giant Tencent Holdings is also considering a bid for the local game developer.<br />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. <br />

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