Tencent Holdings Ltd., the Chinese technology conglomerate, is once again exploring the possibility of acquiring Nexon Co., Ltd., a renowned Korean gaming company. The move comes after Tencent had previously attempted to acquire Nexon in 2019 but ultimately failed to reach an agreement.
Nexon, which is listed on the Tokyo Stock Exchange, is known for its popular games such as 'MapleStory,' 'Dungeon & Fighter,' and 'Blue Archive.' The company's market value is approximately $15 billion.
Tencent's renewed interest in Nexon has been met with uncertainty due to the complex ownership structure of the company, which includes shares held by the Korean government. Additionally, the attitude of Nexon's founding family towards the potential acquisition remains unclear.
The development has sparked speculation about the potential implications of a deal on the gaming industry and the strategic interests of the parties involved. As the situation unfolds, it remains to be seen whether Tencent will be able to successfully acquire Nexon and integrate it into its portfolio of gaming assets.