Nexon buys $685 million stake in NCSoft, becomes biggest holder
TechnologyJun 9, 2012
Nexon Co., a Tokyo-based maker of online games, bought a 804.5 billion won ($685 million) stake in NCSoft Corp. to become the South Korean company's biggest shareholder.Nexon purchased 3.2 million NCSoft shares, a 14.7 percent stake, from NCSoft Chairman Kim Taek-Jin for 250,000 won apiece, it said in a statement today. That's 6.7 percent less than today's closing price in Seoul for NCSoft, which