Free-to-play publisher Nexon sticks its hand deeper into NCsofts cookie jar with $685 million investment.
The industry seems to be doing a bit of a shuffle this week. Following the recent report that Vivendi is considering the sell-off of its 61% stake in Activision, Nexon also decided to stick its hand in NCsofts cookie jar. The free-to-play publisher recently invested more than $685 million to acquire 14.7% of NCsofts stock, making it the largest shareholder of the South Korea based publisher.
Nexon Co. (3659), a Tokyo-based maker of online games, bought a 804.5 billion won ($685 million) stake in NCSoft Corp. (036570) to become the South Korean companys biggest shareholder.
The new long-term union could bring some interesting developments to the online and social gaming space.