[NX] [JCE] Nexon Acquires JCE

I reported on October 12 at Nexon Korea Corp. was looking to take over sport game developer JCE. Now the main transaction has been completed and Nexon has acquired 16.34% shares of the company, the majority stake. Nexon is expected to take over a further 16.34% of the company from JCE chairman YangShin Kim and ex-vice president IlSeung Baek, but has allowed them to sell those shares to Nexon over a 6 month period.



Posted on October 25, 2011, in Acquisition, International Nexon. Bookmark the permalink. 1 Comment.

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