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Tencent: The next big thing?

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The year 2018 was an extremely difficult one for Tencent. The Chinese Internet company, which is largely catching up on its profits as a games publisher, suffered from the Chinese government’s months-long blockade on the approval of new products. This makes worldwide takeovers and alliances with well-known game producers all the more important for Tencent. In addition to investments in industry giants such as Epic Games, Activision Blizzard and Vivendi, the next big thing could soon be added.

Nexon is largely up for sale

Kim Jung-ju, founder of the South Korean giant Nexon (including MapleStory) is planning to sell a large part of its current 98.64 percent stake in the investment company NXC Corp., reports the news agency Reuters. And with Tencent, an interested party is already ready. According to reports in the Korea Economic Daily, the share in question is said to be worth between 7.1 and 8.9 billion US dollars. But apparently others are also trying to get into Nexon via NXC.

Rights to Dungeon Fighter including

For Tencent a successful deal would be another step to emancipate himself from the Chinese gaming market. Should this happen, Tencent will own the rights to Dungeon Fighter online, a game from Neople, a South Korean subsidiary of Nexon. Tencent currently only owns the distribution license for China for the multiplayer game, which is loved by millions of players all over the world.

A post by Achim Graf.



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