Tencent is studying a potential deal to acquire Nexon for $15 billion to enhance its gaming business

According to Bloomberg, Tencent is studying a potential deal to acquire Nexon for $15 billion to further enhance its gaming business. Insiders revealed that Tencent has contacted the family of the late Nexon founder Kim Jung ju to discuss the possibility of an acquisition. Currently, Kim Jung ju's family holds 44.4% of Nexon's shares through the family investment company NXC Corp., with Kim Jung ju's wife and daughter holding approximately 67.6% of NXC Corp.'s shares. According to sources, it is still uncertain whether NXC is willing to sell Nexon shares, and there are doubts about whether Tencent's transaction review can be reached. The transaction structure has not yet been finalized. It is worth noting that Tencent attempted to acquire Nexon in 2019, but failed to reach a consensus due to price issues.