This week, Nexon announced that the company last year reported up to $ 1.5 billion in investments in Konami Holdings, Bandai Namco Holdings, Sega Sammy Holdings and Hasbro.
Founded in Seoul, but now based in Tokyo, Nexon is one of the most successful gaming companies in Asia.
“We believe companies with strong, well-managed global IPs are often overlooked and undervalued in a market that is narrowly focused on introducing new IPs,” said Owen Mahoney, CEO of Nexon. “These investments reflect our respect for management teams that create and grow global properties over a period of years and decades. We believe that each has the potential to capitalize on the secular shift from linear formats to interactive entertainment. ”
By the end of 2020, the company had invested $ 874 million – or 58 percent of the authorized amount. The official press release does not show how much was invested in each company. Like South Korea Financial news (via Tipster Sang) reports, Nexon said they have no plans to acquire or manage these companies completely. However, it is open to long-term partnerships.