South Korea’s Netmarble was named the preferred bidder on Monday for a stake in water purifier rental firm Woongjin Coway valued at $1.3 billion, as the gaming company seeks to diversify its revenue streams.
Netmarble said the purchase of a 25% stake in Woongjin Coway would help generate stable cash flow amid a dearth of attractive gaming firm targets with stable profits and developing capabilities.
