Nexon founder scraps plan to sell stake in holding firm - source

Netmarble

08/07/2019 10:06

SEOUL, July 8 (Reuters) - Nexon Co  3659.T  founder, Jungju
Kim, has scrapped plans to sell a controlling stake in the
parent of the South Korean gaming firm, a source with direct
knowledge of the matter told Reuters on Monday. 
    "I am not picking a preferred bidder in light of market
conditions and others," he said in an email sent to bidders
including Netmarble  251270.KS , Kakao  035720.KS  and MBK
Partners, South Korean newspaper Joongang Ilbo reported.
   Nexon did not have immediate comments.

 (Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Himani
Sarkar)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))