S.Korea's Netmarble rises on report of partnering with China's Tencent to bid for Nexon holding firm

Netmarble

08/02/2019 24:44

** South Korean gaming firm Netmarble Corp's  251270.KS 
shares rise more than 7 pct on a report that it will team up
with Chinese tech giant Tencent Holdings  0700.HK  to bid for
the company that controls South Korea's Nexon  3659.T 
 urn:newsml:reuters.com:*:nL3N2021WV
    ** Another member of the consortium will be South Korean
local private equity fund MBK Partners, the Korea Economic Daily
newspaper reported late Thursday
    ** Netmarble has said it will form a consortium to bid for 
a controlling stake in Nexon's holding company  urn:newsml:reuters.com:*:nL3N1ZV1PA    
    ** The broader KOSPI market  .KS11  down 0.6 pct

 ((hayoung.choi.thomsonreuters.com@reuters.net))