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Posts Tagged ‘acquisition’

Nexon Becomes Largest Shareholder of JCE

February 28th, 2012

Nexon has become the largest shareholder of JCE by taking over 6.01% share of it, totaling up 22.34%, as of today.

JCE has developed an online sports game series <Freestyle> and a smartphone social network game <Rule the Sky>.

“JCE has proven its development and management with <Freestyle> series and its quick response to an emerging market with <Rule the Sky>. Nexon is going to foster JCE into a global company in combination with its capability and potential and Nexon’s business capability, live service, and experience in global service,” said Min Seo the CEO of Nexon.

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Posted in Korean Games Industry

Tags: acquisition Freestyle JCE Nexon rule the sky shareholder

NCsoft Acquires Casual Power Ntreev Soft

February 15th, 2012

NCsoft has wholly acquired Ntreev Soft after 7 months of negotiation with SK Telecom today, taking over 76% share of the firm at KRW108 billion(US$96.7M).

A popular online golf game <Pangya> and an online horse racing game <Alicia>’s Ntreev Soft has been a strong casual games developer while NCsoft has been known as a strong MMORPG company with <Lineage>, <Lineage 2>, <Aion>, <Blade&Soul>, and <Guild Wars 2>.

NCsoft has always been hungry for casual online games because it has had hard time with its past casual online games such as <Toy Strikers>, <Exteel>, <Point Blank>, <Atrix>, <Dragonica>, and <Punch Monster>.

Pro-baseball Manager

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Posted in Korean Games Industry

Tags: acquisition age of wushu alicia casual games heroes of newerth MMORPG NCSoft Ntreev Soft Pangya power ranger online share sk telecom

Ex-CEO of WeMade Seems to Take Over Nowcom

October 27th, 2011

SooKil Seo the ex-CEO of WeMade is trying to take over Nowcom, the publisher of online racing game <Tales Runner>.

Nowcom has signed a provisional contract for transfer of stocks in order to hand over its management right last 30th. “We are conducting a due diligence with the current buyer.”

Although Nowcom did not reveal who is the buyer, TIG found out that Seo is the one. If Seo successfully take over the company, he would come back to the game industry in 5 months after his resignation.

Nowcom is a company of multiplatform games including online game <Tales Runner>, <Wind Slayer S>, and educational game <HanJaMaRu> and a major internet broadcastor Afreeca.

Seo has founded a new company called Saint for mobile media business and has been looking for companies to acquire.

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Posted in Korean Games Industry

Tags: acquisition afreeca nowcom tales runner WeMade wind slayer s

Nexon Wants to Own JCE

October 12th, 2011

JCE announced its largest shareholders are in consideration of selling their whole shares to Nexon interested in taking over the company and handed over the company business data to Nexon.

If this deal made, Nexon will have 35.44% of JCE and become the largest shareholder. In other words, JCE will be a subsidiary of Nexon soon.

Nexon so far has acquired companies such as Neople, Ndoors, and Gamehi by purchasing majority of shares in order to assure the management. But this time is different.

The second largest shareholder of JCE is Gigamedia from Taiwan by 12.38%, followed by Samsung Fund(5.08%) and National Pension Service(5.01%). Therefore Nexon must make other deals with them in order to make JCE its full subsidiary. So far it is not known if Nexon is really doing such talks with them.

In case of taking over JCE, Nexon would include more online sports games <Freestyle>, <Freestyle Football>, and <Freestyle 2>. Nexon has also partnered with Take Two for online baseball game <MLB 2K>.

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Posts Tagged ‘acquisition’

Nexon Becomes Largest Shareholder of JCE

NCsoft Acquires Casual Power Ntreev Soft

Ex-CEO of WeMade Seems to Take Over Nowcom

Nexon Acquired 16.34% of JCE

Nexon Wants to Own JCE