Tencent reportedly exploring acquisition of Nexon from late founder’s family: Bloomberg

Chinese tech giant Tencent Holdings is reportedly exploring a potential acquisition of Nexon Co., a video game company founded in South Korea and now based in Japan, according to Bloomberg, citing sources familiar with the discussions. Tencent is said to have reached out to the family of Nexon’s late founder, Kim Jung-ju, to discuss a possible deal. The family controls a 44.4% stake in Nexon through its investment vehicle NXC Corp. and its affiliate NXMH BV, as of June 30. The Kim family is currently working with advisers to evaluate their options. Data from Bitcoin Treasuries shows that Nexon holds 1,717 Bitcoin, purchased at an average price of $58,226 per coin.