Overview

• Tencent has approached the family of late Nexon founder Kim Jung-ju to discuss a potential $15 billion takeover of the game developer.
• Kim’s wife and daughters control roughly 67.6% of NXC Corp, which owns a 44.4% stake in Nexon.
• Both companies have declined to comment on the potential transaction and its structure remains unsettled with no guarantee of completion.
• Nexon’s Tokyo-listed shares jumped 10% in response to the acquisition reports.
• The bid follows Tencent’s broader investment spree in South Korean cultural content, including a recent full takeover of HYBE’s stake in SM Entertainment and equity positions in Krafton and Netmarble.