Deals
Tencent, Buyout Firms Are Said to Weigh Potential Bids for Nexon
- Chinese tech giant Tencent weighing stake purchase in Nexon
- Controlling shareholder NXC working with advisers on sale
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Tencent Holdings Ltd. as well as private equity firms Hillhouse Capital and KKR & Co. are considering bids to acquire a major stake in gaming company Nexon Co., people familiar with the matter said.
Tencent is evaluating a possible bid and could team up with some investment funds, the people said, asking not to be identified because the deliberations are private. Other global companies as well as buyout funds have expressed interest in a potential deal for Nexon, the people said. Blackstone Group LP is also considering a bid, a person familiar said.