Brief: Nexon Makes Significant Minority Investment In Russo Brothers’ AGBO

NEXON

05/01/2022 15:27

Jan 5 (Reuters) - Nexon Co Ltd  3659.T :
    * GAMES PIONEER NEXON MAKES SIGNIFICANT MINORITY INVESTMENT
IN
RUSSO BROTHERS’ AGBO TO DRIVE EXPANSION OF NEXON’S GLOBAL
INTELLECTUAL PROPERTY IN FILM AND TELEVISION
    * NEXON CO LTD - HAS MADE A STRATEGIC MINORITY INVESTMENT OF
$400
MILLION IN AGBO
    * NEXON CO LTD - IF REQUESTED BY AGBO, NEXON HAS COMMITTED
TO
INVEST UP TO AN ADDITIONAL $100 MILLION IN FIRST HALF OF 2022
    * NEXON CO LTD - MINORITY INVESTMENT WILL RESULT IN NEXON
OWNING
AT LEAST 38% OF AGBO
    * NEXON CO LTD - INVESTMENT VALUES AGBO AT APPROXIMATELY
$1.1
BILLION
    * NEXON CO LTD - NICK VAN DYK HAS BEEN ADDED TO AGBO'S BOARD
WITH
NEXON FILM & TELEVISION SVP TIM CONNORS, A CORE MEMBER OF
NEXON'S TEAM ON DEAL

Source text for Eikon:  Bw45Y7V6a 
Further company coverage:  3659.T 

 ((Reuters.Briefs@thomsonreuters.com;))