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TENCENT Reportedly Not Weighing Acquisition of Nexon
Recommend 7 Positive 15 Negative 4 |
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TENCENT (00700.HK) planned to splash USD15 billion to acquire South Korean renowned game developer, Nexon (3659.JP), according to earlier report. However, Tencent has not contacted the family of Nexon's founder to discuss the deal and is not considering acquiring Nexon, The Beijing News later quoted people familiar with the matter. NXC, the shareholding platform of Nexon founder's family, holds 48.42% of Nexon's shares, public information showed, while the Saudi Public Investment Fund is the second-largest shareholder, holding 10.51% of the shares. AASTOCKS Financial News Website: www.aastocks.com |
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