Korean game company Nexon has acquired a 14.7% minority stake in fellow-Korean publisher NCsoft for $688 million, the firm announced today. The shares, which number 3.218 million, were purchased from NCsoft chairman and founder Taek Jin Kim, which means Nexon is now the largest shareholder in NCsoft. Nexon said the stock purchase was part of a long-term partnership between the two firms. Thanks, VentureBeat.
Brace yourselves: the Steam Summer Sale has started.
GTA modding tool OpenIV is back online after discussions between Rockstar and parent company Take-Two
OpenIV is back online alongside an updated version, thanks to Rockstar Games having a chat with Take-Two.
Final Fantasy 15 players can look forward to some announcements pertaining to the game in August, says Square.
Vivendi has sold its remaining shares in Activision Blizzard for $1.1 billion to an undisclosed financial institution, according to MarketWatch.
Shares in Zynga stock are up 10% due to the firm’s announcement of a new gaming portal and publishing deals. However, despite the boost, industry analysts feel some “complications” may arise between the firm and Facebook over the move.