Kakao, Netmarble, 3 PE Firms Submit Final Bids for Nexon: Yonhap

(Bloomberg) -- Kakao Corp, Netmarble Corp, and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, the Yonhap News Agency reported on Sunday.

Mobile messaging app Kakao, Korean gaming company Netmarble and private equity firms KKR & Co., Bain Capital and MBK Partners submitted final bids to acquire a 98.64% stake in Nexon’s holding company, NXC Corp., Yonhap reported, citing an unidentified investment bank official familiar with the deal.

Officials at the five bidders weren’t available for comment, Yonhap said. Tencent, widely expected to join, didn’t submit a final bid, the person said.

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