Netmarble, MBK Partners submit bids for Korea's gaming giant NXC Corp

FILE PHOTO: Logos of online gaming firm Nexon are seen at its main office building in Seoul, December 14, 2011. REUTERS/Kim Hong-Ji

South Korean tech firms Netmarble and Kakao as well as private equity fund MBK Partners submitted initial bids for acquiring NXC Corp, which controls gaming firm Nexon, the Seoul Economic Daily said.

Kim Jung-ju, founder of Nexon, is looking to offload a 98.64 percent stake in NXC, held by himself and related parties including his wife, in one of South Korea’s biggest deals that could be worth as much as $9 billion, local media reports have said.

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