Tech Solution

Nexon invests $874 million in Hasbro, Bandai Namco, Konami, and Sega Sammy

Nexon, the Tokyo-based maker of Maplestory and different on-line video games, has invested $874 million in Hasbro, Bandai Namco, Konami, and Sega Sammy.

Nexon mentioned it has made an unrealized acquire of $279 million on the long-term investments, but it surely has no intention of buying the businesses or making activist shareholder proposals with the investments.

Nexon made different investments as nicely, however the quantities didn’t meet the corporate’s threshold for disclosure.

In 2020, Nexon’s board licensed as much as $1.5 billion for funding in leisure firms that show the flexibility to develop and maintain sturdy globally acknowledged mental property.

These are long-term pleasant investments with no intention of acquisition or activism. As of the tip of 2020, Nexon accomplished investments totaling ¥92.4 billion ($874 million) which represents 58{69439eabc38bbe67fb47fc503d1b0f790fcef507f9cafca8a4ef4fbfe163a7c5} of the licensed quantity.

Above: Owen Mahoney, CEO of Nexon

Picture Credit score: Nexon

“We imagine firms with sturdy, well-managed international IP are sometimes missed and undervalued in a market that’s narrowly centered on introductions of recent IP,” mentioned CEO Owen Mahoney, in an announcement. “These investments mirror our respect for administration groups that create and develop international properties over a interval of years and a long time. We imagine that every has potential to capitalize on the secular shift from linear codecs to interactive leisure.”

Mahoney added, “These investments symbolize use of our money in a low-interest surroundings and we’re extraordinarily happy with the preliminary outcomes. Whereas leveraging partnerships was not a consideration in our funding choices, we’re happy with the dialogue that has ensued with some firms.”

Nexon has $4.8 billion in money, and shareholders have questioned how the corporate would make investments that cash. Nexon has began a share buyback program, but it surely retains producing extra cash by way of video games reminiscent of Maplestory and Dungeon Fighter, which have maintained stable development by way of a long time. Nexon had $2.7 billion in revenues in 2020.


GamesBeat’s creed when masking the sport trade is “the place ardour meets enterprise.” What does this imply? We need to inform you how the information issues to you — not simply as a decision-maker at a sport studio, but in addition as a fan of video games. Whether or not you learn our articles, take heed to our podcasts, or watch our movies, GamesBeat will enable you be taught in regards to the trade and revel in participating with it.

How will you try this? Membership consists of entry to:

  • Newsletters, reminiscent of DeanBeat
  • The fantastic, academic, and enjoyable audio system at our occasions
  • Networking alternatives
  • Particular members-only interviews, chats, and “open workplace” occasions with GamesBeat workers
  • Chatting with neighborhood members, GamesBeat workers, and different company in our Discord
  • And possibly even a enjoyable prize or two
  • Introductions to like-minded events

Change into a member

Source link

Comments Off on Nexon invests $874 million in Hasbro, Bandai Namco, Konami, and Sega Sammy