Tencent said to study deal for US$15 billion game developer

Winking Studios

Shenzhen-based Tencent has reached out to the family of Nexon’s late founder Kim Jung-ju to discuss the possibility of an acquisition

Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon.

Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according to Bloomberg.

Nexon is the South Korean video game developer behind the MapleStory series, a massively multiplayer online role-playing game (MMORPG) that first gained popularity in the early 2000s as a traditional PC game.

Web3 gaming continues to be a closely watched use case for blockchain technology as the ability to give players ownership over in-game assets could create an entirely new asset class and create tens of billions of dollars in capital.

https://cointelegraph.com/news/tencent-purchase-nexon-gaming-company

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