Nexon News 3qf3b

While we still don't know who's going to end up buying Nexon, the company reported their Q1 2019 earnings report today and numbers were impressive across the board; the company reported revenues of $848M for the quarter, up 3$ year over year with net income (profit) coming in at $487M. Revenues came in strong thanks to the continued strong performance [...]

According to the South Korean newspaper The Korea Herald, NXC's (Nexon's parent company) chairman, Kim Jung-ju, personally approached high level Disney executives about purchasing his company. NXC owns 47.02% of Nexon, but maintains business control of the company. NXC is basically a holding company that owns a large stake in Nexon and ownership of a few other smaller entities, such [...]

Since South Korean gaming company Nexon went up for sale in January, we’ve been keeping a close eye on who will be submitting bids for 98.64% controlling shares of the $8.9 Billion company. So far, a number of high profile companies have already ed the bidding war including Amazon, Electronic Arts Entertainment, Kakao Corp., Comcast, and the Tencent, NetMarble, and [...]

Nexon reported their Q4 2018 and full year 2018 earnings report recently which showed that revenues increase 8% year over year from ~235B Yen ($2.12B) to 254B Yen ($2.29B). The jump in growth can largely be attributed to the following: MapleStory revenues increased a whopping 67% year over year thanks to the game's successful Summer update in South Korea Dungeon [...]

Got $9 billion to spare? That’s exactly how much a South Korean gaming giant is going for these days. Earlier this month, Nexon founder and Kim Jung-ju announced his plans to sell his 98.64% stake in the holding company NXC Corp. NXC Corp. controls 47.98% of Nexon along with two other cryptocurrency exchanges. GamesIndustry.biz reports that the controlling shares are [...]