I’ve got three M&A news from Korea.
1) CJ Internet Looking into GameHi
CJ Internet is looking into buying GameHi, a developer behind a popular FPS game Sudden Attack. CJ Internet said “we are considering the option in order to strengthen our game development competitiveness, but nothing is decided yet.”
2) A Book Publisher Became a Major Shareholder of YNK Korea
A book publisher of “The Lord of the Rings” in the Korean language, Golden Bough (황금가지: Kor), became a major shareholder by obtaining 33% of total shares of YNK Korea.
3) Nflavor and Aeonsoft ?Became One
Nflavor and Aeonsoft announced their merger on February 10. Both companies are a part of Gala Group. Nflavor’s CEO, Seung Hyun Park, will serve as a CEO of Aeonsoft as well.