Today Nexon announced its acquisition of JCE.
Nexon has purchaed 16.34% of JCE from chairman YangShin Kim, the founder and the largest shareholder, and ex-vice president IlSeung Baek who owned total 32.68% of shares. Nexon has spent US$56M for the acquisition.
Nexon has also allowed Kim and Baek sell their rest shares(16.34%) to Nexon later within 6 months or 2 weeks from a specific day.
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