Few bidders have the financial capability to buy Nexon with its high price tag, an analyst has said. Photo: Reuters
Korean video games firm Nexon fails to draw bid from Tencent, scraps deal potentially worth US$16 billion
- Gaming giant Tencent’s participation seen as key to any deal, since it owns exclusive China licence for Nexon’s most successful game
- Bids from Kakao and MBK Partners fell short of Nexon’s expectations
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Tencent
Few bidders have the financial capability to buy Nexon with its high price tag, an analyst has said. Photo: Reuters