Today, Korean developer/publisher Nexon announced that it has purchased 38 million shares of GameHi, Inc., which it bought a controlling stake in during May of this year. The shares purchased cost 56 billion Korean won ($48.2 million) and were the last shares owned by GameHi CEO Gunil Kim. With this additional transaction, Nexon now owns 52.11 percent of GameHi shares, or 86 million shares total.
Nexon also announced that Nexon Japan is in talks to co-service GameHi’s Sudden Attack and Dekaron in Japan, two games currently serviced in that region by Game Yarou. Both companies signed an MOU on July 30 in relation to the deal.
“Additional acquisition of shares will strengthen managerial rights and maximize synergy between Nexon and GameHi,” Nexon CEO Seo Min said in a statement. He said that he hopes to “utilize the various companies Nexon holds in order to improve the results of games developed by GameHi” and that “the MOU with the Nexon Japan and Game Yarou is the first step in this attempt.” The CEO promised investors to “do his best so that this acquisition will have financial results by the latter half of this year.”
