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Stock impact report

Tencent weighing bid for holding company behind Korea's Nexon: sources [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
Tencent weighing bid for holding company behind Korea's Nexon: sources | Reuters 2 Min Read HONG KONG/SEOUL (Reuters) - Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources with knowledge of the matter told Reuters. Tencent is looking to enlist co-investors, the sources said. One of the sources also said private equity firms are studying options for a deal, including taking the listed company private. Nexon founder Kim Jung-ju plans to sell a controlling 98.64 percent stake in Nexon’s holding firm NXC Corp, held by himself and related parties including his wife, the Korea Economic Daily newspaper reported this month. The stake is worth between 8 trillion and 10 trillion won ($7.1 billion and $8.9 billion), according to reports from Korea Economic Daily and the Maeil Business Newspaper. Deutsche Bank and Morgan Stanley are running the sale, sources told Reuters. The two banks declined to comm Show less Read more
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