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Tencent denies the acquisition of South Korea's Nexon, stating that the rumors of equity acquisition are false.
Gate News bot message, The Beijing News cited sources reporting that Tencent has not contacted the founder's family of Nexon to discuss acquisition matters. The report directly denies the previous market rumors that Tencent was acquiring Nexon equity at a valuation of $15 billion.
According to public information, Nexon's current equity structure is as follows: the founding family holds 48.42% of the largest shares through NXC, while the Saudi Public Investment Fund ranks as the second-largest shareholder with a 10.51% stake.
Source: "The Beijing News"
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