SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s No. 2 online game developer NCsoft , facing a possible hostile takeover by top player Nexon, joined Tuesday with a smaller local rival to protect its management control, as the dispute is about to reach a boiling point ahead of NCsoft’s crucial shareholders meeting slated for next month. [...]
SEOUL, Jan. 28 (Korea Bizwire) — Nexon, the nation’s No.1 online game brand and the largest shareholder of NC Soft, publicly announced on January 27 that it will participate in the management of the latter company, a change from its previously held position as a simple shareholder. Nexon became the controlling stakeholder of NC Soft [...]
“Some in the industry are worried about us whether we are still remaining in the personal computer era. This is the time for us to do everything we can to get out of the crisis just like the crew in Apollo 13 faced with a life-and-death situation.” “The game industry today is undergoing a turbulent [...]