Tencent not considering acquiring Nexon
On June 13, regarding the news that "Tencent plans to acquire Nexon" circulating in the current gaming circle, a source close to Tencent revealed that "Tencent has not contacted the founder's family to discuss a deal, nor has it considered acquiring Nexon." Earlier media reports said that Tencent is studying the acquisition of South Korean game developer Nexon at a valuation of US$15 billion (RMB 107.7 billion) and has contacted the founder's family. According to public information, NXC, the holding platform of Nexon's founder's family, holds 48.42% of Nexon's shares, and the Saudi Public Investment Fund is the second largest shareholder, holding 10.51% of the shares.