{"id":49680,"date":"2025-07-03T22:00:00","date_gmt":"2025-07-03T13:00:00","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=49680"},"modified":"2025-07-03T16:55:39","modified_gmt":"2025-07-03T07:55:39","slug":"amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/","title":{"rendered":"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0"},"content":{"rendered":"\n<p>Tencent made a statement on July 2 debunking reports about it planning to acquire shares in South Korean game developer Nexon (source: <a href=\"https:\/\/thisisgame.com\/webzine\/news\/nboard\/4\/?n=215299\" target=\"_blank\" rel=\"noreferrer noopener\">ThisIsGame<\/a>). This is the second time Tencent has spoken out about the false reports.&nbsp;<\/p>\n\n\n\n<p>On June 12, Bloomberg reported that Tencent reached out to the family of Nexon\u2019s late founder Jung-Ju Kim to discuss the possibility of an acquisition, citing anonymous sources. From there, media and economic circles speculated that Tencent might be planning to acquire the 30.6% stake Kim\u2019s family members handed to the Korean government in 2023 to settle an inheritance tax bill.&nbsp;<\/p>\n\n\n\n<p>Tencent denied this on June 18 (source: <a href=\"https:\/\/www.reuters.com\/markets\/emerging\/tencent-says-reports-its-interest-nexon-kakaos-mobility-unit-are-untrue-2025-06-18\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>), but as rumors have persisted among international and Korean media (even affecting Nexon\u2019s share price), the conglomerate has doubled down, commenting \u201cIn principle, we do not comment on rumors, [&#8230;] but given the various speculations circulating in Korea recently, we would like to clarify that the reports [regarding the acquisition of Nexon] are untrue.\u201d<\/p>\n\n\n\n<p>While the Korean government has indeed started looking for a buyer for its 30.6% stake in Nexon, Tencent is not participating in the bidding process.\u00a0<\/p>\n\n\n\n<p>On the other hand, Tencent has a strong presence in other South Korean game companies &#8211; with a <a href=\"https:\/\/automaton-media.com\/en\/news\/stellar-blade-studio-shift-ups-independence-at-risk-due-to-tencent-ties-investors-fear\/\" target=\"_blank\" rel=\"noreferrer noopener\">34.58% stake in Stellar Blade studio Shift Up<\/a> and a 13.87% stake in Krafton. Moreover, in 2019, it formed a consortium with Korea&#8217;s Netmarble to bid for the acquisition of Nexon, which could be why people believe they&#8217;re still interested in a deal.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese entertainment giant Tencen doubles down on false reports about it planning to acquire Nexon shares.<\/p>\n","protected":false},"author":55,"featured_media":49686,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[261,18],"class_list":["post-49680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-financial-news","tag-global-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Chinese entertainment giant Tencen doubles down on false reports about it planning to acquire Nexon shares.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0 - AUTOMATON WEST\" \/>\n<meta property=\"og:description\" content=\"Chinese entertainment giant Tencen doubles down on false reports about it planning to acquire Nexon shares.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/\" \/>\n<meta property=\"og:site_name\" content=\"AUTOMATON WEST\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-03T13:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/automaton-media.com\/en\/wp-content\/uploads\/2025\/07\/20250703-49680-header.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1353\" \/>\n\t<meta property=\"og:image:height\" content=\"760\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amber V\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AUTOMATON_ENG\" \/>\n<meta name=\"twitter:site\" content=\"@AUTOMATON_ENG\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amber V\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0 - AUTOMATON WEST","description":"Chinese entertainment giant Tencen doubles down on false reports about it planning to acquire Nexon shares.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/","og_locale":"en_US","og_type":"article","og_title":"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0 - AUTOMATON WEST","og_description":"Chinese entertainment giant Tencen doubles down on false reports about it planning to acquire Nexon shares.","og_url":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/","og_site_name":"AUTOMATON WEST","article_published_time":"2025-07-03T13:00:00+00:00","og_image":[{"width":1353,"height":760,"url":"https:\/\/automaton-media.com\/en\/wp-content\/uploads\/2025\/07\/20250703-49680-header.jpg","type":"image\/jpeg"}],"author":"Amber V","twitter_card":"summary_large_image","twitter_creator":"@AUTOMATON_ENG","twitter_site":"@AUTOMATON_ENG","twitter_misc":{"Written by":"Amber V","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/#article","isPartOf":{"@id":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/"},"author":{"name":"Amber V","@id":"https:\/\/automaton-media.com\/en\/#\/schema\/person\/fdc6517a00e35b6917ffdb02e8b574d9"},"headline":"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0","datePublished":"2025-07-03T13:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/"},"wordCount":257,"commentCount":0,"publisher":{"@id":"https:\/\/automaton-media.com\/en\/#organization"},"image":{"@id":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/#primaryimage"},"thumbnailUrl":"https:\/\/automaton-media.com\/en\/wp-content\/uploads\/2025\/07\/20250703-49680-header.jpg","keywords":["Financial News","News (Global)"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/","url":"https:\/\/automaton-media.com\/en\/news\/amidst-persistent-rumors-tencent-is-once-again-saying-reports-of-nexon-acquisition-plans-are-false\/","name":"Amidst persistent rumors, Tencent is once again saying reports of Nexon acquisition plans are false\u00a0 - 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