The South Korean company Nexon was withdrawn from sale. Its owner Kim Jung Ju (Kim Jung Ju) doubted the solvency of buyers.
According to The Korea Economic Daily, three out of five potential buyers dropped out of the fight for Nexon. All of them submitted final bids for the purchase of a controlling stake in Nexon by May 31.
So, the publisher Netmarble could not convince Zhang Ju that he had enough funds to buy. Recall that Nexon is estimated at $11 billion. Netmarble planned to pay for the acquisition together with several other companies by creating a South Korean consortium. However, she still applied on her own.
Kakao messenger and the investment firm Bain Capital offered too low rates, and therefore they were refused. The number of remaining buyers — KKR & Co and MBK Partners — the seller considered too insignificant to continue trading, reports Gamesindustry.biz .
Let’s add that a controlling stake in Nexon was offered to the giant The Walt Disney Company. He refused to participate in the auction. EA, Amazon and Comcast could also submit their final bids, but this never happened.
Nexon was put up for sale in January last year. It is the 12th largest gaming company in the world with a turnover of $2.3 billion. She could get a new owner this fall.
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