Nexon acquire management rights to rival studio

Nexon acquire management rights to rival studio

By Stuart Richardson

May 28th 2010 at 12:28PM

Control and significant percentage of GameHi shares attained in deal

Nexon has acquired the management rights to GameHi, the  South Korea-based MMORPG studio.

In the deal Nexon acquired 29.30 per cent of GameHi shares, which includes management rights of GameHi from GunIl Kim, the largest overall shareholder.

Through this acquisition, Nexon has said it hopes to merge its online game publishing infrastructure with the development capabilities of GameHi to create “greater value for the company and increase Nexon's influence as the global leader in the game industry.”

Min Seo of Nexon said, "GameHi has proved its ability to create high quality online games through Sudden Attack, Dekaron, etc. The acquisition of GameHi by Nexon will create the greatest synergy between both companies."