Nexon is now a minority shareholder in MMO publisher NCsoft, having purchased 3.218 million shares of the company from NCsoft chairman/cofounder Taek Jin Kim to the tune of ₩804.5 billion ($685.43 millon) – 14.7 percent of total stock. This makes Nexon the largest shareholder in NCsoft, according to VentureBeat
The purchase is part of a two-year agreement between the two South Korean game companies, though the specifics of said agreement remain shrouded in mystery
. This announcement comes somewhat cooly on the heels of reports
that claimed Nexon had designs to take over EA; reports that ended up being far less interesting
than originally thought. Update
: Nexon has informed us that the deal was a "one-time purchase" and that they "have not made any announcements about any future plans."