S.Korea's Netmarble to participate in bid for Nexon

Netmarble

31/01/2019 02:05

SEOUL, Jan 31 (Reuters) - Netmarble Corp  251270.KS , South
Korean mobile gaming company, said on Thursday it will form a
consortium to bid for the holding company that controls Nexon Co
 3659.T .
    "We believe the tangible and intangible values of Nexon are
important assets to Korea," Netmarble said in a statement,
adding that its sales to overseas companies would weaken the
competitiveness of the country's gaming industry.
    Netmarble said it had been considering to acquire Nexon for
two months and decided to participate in the bid a month ago.

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