Disney May Take Over Nexon

Disney May Take Over Nexon

It appears that Disney may soon take over Korean PC and mobile game company Nexon for $13.2 billion.

It appears that Disney may soon take over Korean PC and mobile game company Nexon for $13.2 billion.

The news comes from Korean newspaper The Central Times claiming that Nexon Chairman Jung-ju Kim, the one with a majority share of the company worth 98 percent, recently talked to a “high-ranking Disney representative” to discuss a deal.

It is stated that the Nexon’s head has been thinking about selling his stake since January. The company is a big player in the industry thanks to its presence in South Korea and Japan. It was founded in 1994, now employing roughly 7,000 and maintaining about 80 titles in the region.

Why is Disney interested? There’s a possibility here to expand in new regions or even enter the mobile market. Well, it’s also a way to make more money, or, perhaps, Disney just wants to buy another toy to play with.

Stay tuned for more news on the acquisition.

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