Tag Archives: Nexon
Thu, Sep 12, 2013 | 17:47 BST
Nexon free to play games might be big news in Asia, with smash hits like Maplestory, but their free to play offerings like Combat Arms and Vindictus have had a harder time gaining traction in the west. The company’s Chief Financial Officer Owen Mahoney argues that free to play attitudes in the west have held back the model from attaining the dominance it has in Asia.
Thu, Feb 14, 2013 | 11:07 GMT
Thu, May 03, 2012 | 18:44 BST
EA and Nexon are reportedly working together on the distribution of EA’s FIFA Online game in Asia, according to “three people with knowledge of the matter,” speaking with Bloomberg. The report states EA is considering using Nexon’s servers in the region to run the sports game. Rumors last week pegged the South Korean company as a potential bidder for the majority of EA stock. More through Forbes.
Thu, Apr 26, 2012 | 18:35 BST
EA shares are up after a South Korean newspaper rumored this morning Nexon has made a bid for EA. Shares spiked $1.22, or 8.1%, to $16.23 after a 52-week low. Nexon, which has offices in Japan, are the makers of free-to-play MMOs such as MapleStory and Combat arms. The firm’s market cap sits around $8.1 billion compared with EA’s $5.2 billion. If anything comes of this rumor the likely result would be Nexon purchasing a minor interest in the firm, as it would cost too much takeover EA, which is currently sitting on oodles of cash. Representatives for both firms have told MarketWatch it is neither’s policy to comment on rumors or speculation. Analyst Michael Pachter feels the rumor is rather silly, and outlines the reasons it will never happen through here.
Wed, Dec 14, 2011 | 21:45 GMT
Nexon went public on the Tokyo Stock Exchange this week, and managed to rake in a staggering 1.2 billion USD in its IPO. Driven largely by the strength of Maple Story, which is said to be one of the most popular games in the world, Nexon boasted the largest IPO of the year on the TSE.
Nexon claims it has 1.2 billion registered users, of which 77 million are currently active. Their games have a large base in Southeast Asia, particularly in China. Nexon plans to use the cash influx to finance acquisitions.
Nexon was one of the earliest companies to enter the now enormous F2P gaming market.
Via Game Politics.
Thu, Aug 04, 2011 | 07:55 BST
Today’s bits and pieces are largely about money moving around, a thing of great interest.