S.Korea tech firms, U.S. PE funds submit bids for Nexon parent -report

Netmarble

21/02/2019 10:05

SEOUL, Feb 21 (Reuters) - South Korean tech firms Netmarble
 251270.KS  and Kakao  035720.KS  as well as U.S. private equity
firms Blackstone  BX.N  and Bain Capital submitted initial bids
for control of gaming firm Nexon  3659.T , the Korea Economic
Daily said.
    Nexon is South Korea's biggest gaming firm. Netmarble, a
mobile gaming firm backed by Chinese tech giant Tencent
 0700.HK , partnered with South Korean private equity fund MBK
Partners for the bid, the report said on Thursday, citing
investment banking sources. 
    Netmarble and Kakao declined to comment, while Blackstone
and Bain Capital were not immediately available for comment. 

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