Five make formal bids for parent of gaming firm Nexon -Korea Economic Daily

Netmarble

31/05/2019 10:58

SEOUL, May 31 (Reuters) - Private equity firms KKR, Bain
Capital and MBK Partners, as well as South Korea's Netmarble
Corp  251270.KS  and Kakao Corp  035720.KS  submitted binding
bids for the parent of South Korean gaming company Nexon Co
 3659.T  on Friday, Korea Economic Daily said, citing investment
banking sources. 
    Representatives at Nexon, Kakao, Netmarble and MBK declined
to comment. 
    Billionaire Jungju Kim is selling a 98.64 percent stake held
by himself and his wife in NXC, the holding company of Nexon, in
a deal that at potentially $16 billion, would rank as one of the
biggest gaming deals worldwide.  urn:newsml:reuters.com:*:nL3N21F199

 (Reporting by Hyunjoo Jin; Editing by Susan Fenton)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))