$STO I looked at the market value, and besides the observation list coins on Binance, this has the lowest market value. Does it also need to enter the observation list?
According to reports from the Game Research Society citing Bloomberg, Tencent Holdings Limited (0700.HK) is evaluating the possibility of acquiring a controlling stake in the South Korean gaming company Nexon Co. and has initiated discussions with the family of the late founder Kim Jung-ju regarding this matter. Founded in 1994, Nexon is one of the earliest online gaming companies in South Korea, known for its flagship titles including 'MapleStory', 'Puzzle Bobble', and 'Dungeon & Fighter', and in recent years has also released successful single-console products like 'Dave the Diver' and 'Kazan'. This is not the first time Tencent has shown a potential interest in acquiring Nexon. As early as 2019, Kim Jung-ju planned to sell his stake in Nexon. According to reports at the time, Tencent also considered partnering with private equity firms to initiate a bid. However, rumors indicated that the sale plan ultimately fell through due to significant disagreements on valuation between the two parties. Since then, Nexon's ownership structure has changed several times. After Kim Jung-ju's passing in 2022, his family transferred some of their NXC shares to the South Korean government to pay high inheritance taxes and sold a portion of their treasury shares in 2023. Reports indicated that the South Korean government once attempted to sell its NXC shares but was unable to find a buyer. Tencent and Nexon have a long history of cooperation. 'Dungeon & Fighter' is one of the important revenue sources for Tencent's gaming business, and the two companies have a longstanding collaborative history in product operations and IP development. Nexon's single-player ARPG 'Kazan', based on the DNF IP, has performed excellently in terms of revenue, and Tencent has confirmed its agency in the Chinese market, indicating that this acquisition is based on long-term mutual trust and business synergy. Sources from Bloomberg indicated that negotiations are still in the early stages, and a clear transaction structure has yet to be formed, with no conclusions on whether the deal will proceed. As of now, Tencent has not responded to the relevant information, and Nexon has also declined to comment.
$HAEDAL This coin has already become worthless. Just wait for it to rise a few points to break even and then sell it, it's not useful anymore. It can't even rise beyond Ethereum, and when it drops, it really slides down smoothly.
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