Korean gaming firm Nexon's founder to sell controlling stake in holding firm

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

The founder of South Korean gaming company Nexon is set to sell a controlling stake worth around $9 billion in Nexon’s holding firm NXC Corp, the Korea Economic Daily newspaper reported on Thursday.

The value of the stake up for sale was estimated at 10 trillion won ($8.9 billion), the paper said, citing unidentified industry sources.

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