Douglas Research Insights

Douglas Research Insights

Tencent To Acquire Nexon? Time and Price Lining Up for a Final Deal?

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Douglas Kim
Jun 14, 2025
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  • Tencent has been interested in acquiring Nexon for more than six years. However, the timing and price were not right for such a deal to take place in the past.

  • The higher probability scenario is for Kim's family members to sell when the timing and price is right. This time around, a $15 billion could be the right price.

  • Late founder Kim's family members own a 44.4% stake in Nexon through NXC Corp and its affiliate NXMB BV. Kim's wife and daughters own a 67.6% stake in NXC Corp.

Major games of Nexon (Source: Nexon)

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