Posts Tagged ‘JCE’

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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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Nexon Acquired 16.34% of JCE

October 25th, 2011

Today Nexon announced its acquisition of JCE.

Nexon has purchaed 16.34% of JCE from chairman YangShin Kim, the founder and the largest shareholder, and ex-vice president IlSeung Baek who owned total 32.68% of shares. Nexon has spent US$56M for the acquisition.

Nexon has also allowed Kim and Baek sell their rest shares(16.34%) to Nexon later within 6 months or 2 weeks from a specific day.

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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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Typical Korean game companies start recruiting new people

September 16th, 2011

Typical  Korean online game companies like Nexon, NHN starts recruiting new people.

Nexon will hire more than 100 new talented people this year. Nexon has subsidiary companies like Neople(Dungeon&Fighter), Nexon Mobile, Gamehi(Sudden Attack). About 10,000 people applied to Nexon last year for 100 opened jobs.

Dragonfly, best known for the developer of Special Force, Karma Online and Soldier of fortune Online, recruit new people for the first time since the company was established in 1995.

JCE, best known for Freestyle, is also looking for new talented people for programming, designing, Marketing&PR as well as Global business.

NHN is recruiting new people for software developments, IT service, e-Biz etc. Ncsoft will announce recruitment soon as well.

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Freestyle Football Replaces Freestyle

May 18th, 2011

<Freestyle Football> has surpassed <Freestyle> in terms of revenue.

JCE announced its Q1 earning report on 16th. ?It recorded US$8.7m for revenue, US$1.75m for business profit, and US$1.47m for net profit. Compare to last Q1, nearly all doubled.

Particularly among the JCE’s games, <Freestyle Football> made 49% of total revenue only within Korea. How awesome. <Freestyle> followed with US$3.87m of revenue which is 45% of the total.

“The revenue from <Freestyle Football> is lower than what we expected. I guess lack of various items was the problem. We could not able to attract more purchase because of lack of purchasable items in amateur leagues. So we will supplement the weakness as well as adding club service,” said a JCE official.

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