Nexon Rises After Saying It May Buy Game Developers: Tokyo Mover
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Nexon Co., the video-game maker that raised about $1.2 billion in Japan’s biggest initial public offering last year, rose in Tokyo trading after saying it’s in talks to buy smartphone and mobile-game developers.
Nexon gained as much as 4.1 percent to 1,567 yen, the highest level since listing in December, and traded at 1,548 yen as of 9:39 a.m., extending its advance this year to 40 percent. Japan’s benchmark Nikkei 225 Stock Average fell 0.2 percent.