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Nexon Co Ltd (3659.T)

3659.T on Tokyo Stock Exchange

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Tue, Jul 9 2019

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Nexon founder scraps what could have been $16 billion gaming deal: sources

SEOUL Nexon Co founder Jungju Kim has abandoned plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said, scuppering a potentially $16 billion deal that would have been the gaming sector's biggest.

Nexon founder scraps what could have been $16 billion gaming deal - sources

SEOUL Nexon Co founder Jungju Kim has abandoned plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said, scuppering a potentially $16 billion (£12.8 billion) deal that would have been the gaming sector's biggest.

UPDATE 3-Nexon founder scraps what could have been $16 bln gaming deal - sources

* Kakao, MBK bids fell short of seller's expectations - paper

CORRECTED-UPDATE 2-Nexon founder scraps what would have been world's biggest gaming deal - sources

SEOUL, July 8 Nexon Co founder Jungju Kim has scrapped plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said on Monday, scuppering potentially the largest deal in the gaming sector at up to $16 billion.

Nexon founder scraps plan to sell stake in holding firm - source

SEOUL, July 8 Nexon Co founder, Jungju Kim, has scrapped plans to sell a controlling stake in the parent of the South Korean gaming firm, a source with direct knowledge of the matter told Reuters on Monday.

Five make formal bids for parent of gaming firm Nexon: Korea Economic Daily

SEOUL Private equity firms KKR, Bain Capital and MBK Partners, as well as South Korea's Netmarble Corp and Kakao Corp submitted binding bids for the parent of South Korean gaming company Nexon Co on Friday, Korea Economic Daily said, citing investment banking sources.

Five make formal bids for parent of gaming firm Nexon -Korea Economic Daily

SEOUL, May 31 Private equity firms KKR, Bain Capital and MBK Partners, as well as South Korea's Netmarble Corp and Kakao Corp submitted binding bids for the parent of South Korean gaming company Nexon Co on Friday, Korea Economic Daily said, citing investment banking sources.

South Korean gaming firm Nexon's parent delays bidding for stake sale: sources

SEOUL The parent of top South Korean gaming firm Nexon Co Ltd has delayed the bidding process scheduled this week for its controlling stake in the company, two sources familiar with the matter told Reuters, sending its shares sharply lower.

UPDATE 2-S.Korean gaming firm Nexon's parent delays bidding for stake sale - sources

* Bidding pushed back for a week from originally planned - source (Updates with Nexon share price fall, adds analyst quote, background)

South Korean gaming firm Nexon's parent delays bidding for stake sale - sources

SEOUL, May 14 The parent of top South Korean gaming firm Nexon Co Ltd has delayed the bidding process for its controlling stake in the company, originally scheduled for Wednesday, two sources familiar with the matter told Reuters.

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