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NEXON Spikes 8%+ Amid Reports of TENCENT Mulling Acquisition
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NEXON CO LTD (3659.JP) closed at JPY2,850, up JPY220 from the previous trading day, marking an 8.37% upswing. The obvious share rise was enticed by market expectations of a potential acquisition premium. Chinese internet giant TENCENT (00700.HK) is exploring a potential deal with NEXON to bolster its growing gaming business, possibly involving an acquisition, report told. TENCENT purportedly contacted the family of NEXON's late founder, who hold approximately 44.4% of NEXON's shares through their family investment firm, NXC, to discuss the possibility of acquisition. TENCENT had previously attempted to acquire NEXON in 2019. AAStocks Financial News |
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