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Tencent Eyes $15 Billion Nexon Acquisition in Bold Gaming Expansion
Tencent Holdings is exploring a significant acquisition of Nexon, a renowned South Korean game developer valued at approximately $15 billion. This strategic move is part of Tencent's broader gaming expansion efforts, marking its second attempt to acquire Nexon after a failed bid in 2019. Nexon is famous for titles like MapleStory, which has recently integrated blockchain technology and NFTs, aligning with the growing interest in Web3 gaming. The acquisition discussions involve the family of Nexon's late founder, Kim Jung-ju, and could potentially solidify Tencent's presence in the Korean gaming market. This deal would be a major play in Tencent's strategy to strengthen its global gaming footprint, especially given Nexon's diverse portfolio of popular games.
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