[NX] Nexon Acquires 20% Stock of Eyasoft

Eyasoft, the developer of Legend of Edda, Luna Online and Iris Online, has had 20% of its stock acquired by Nexon Corp. Nexon has also acquired the publishing right of an upcoming action MMORPG currently in development at Eyasoft known as ‘Obelisk’. Obelisk is an action MMORPG based on ancient Korean history.

This acquisition seems to be a pseudo-investment in Eyasoft from Nexon as Eyasoft, although producing good games, has been a little overambitious and is very low on money. Despite the success of Luna Online (Gala-Net, GPotato), Iris Online (Gala-Net, GPotato) and Legend of Edda (OnNet USA, GamesCampus) in America, the games have not been profitable for Eyasoft in Korea and will all have their Korean services shut down on June 1.