Amazon, Comcast, Electronic Arts to submit for Nexon holding company: Maeil report

FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Book store in New York City, united states, February 14, 2019. REUTERS/Brendan McDermid

SEOUL (Reuters) – Inc Comcast Corp and Electronic Arts Inc submitted initial bids for the holding company of South Korea’s largest gaming company, Nexon, Maeil Business Newspaper said on Wednesday, citing investment banking sources.

Last week, South Korean tech companies Netmarble and Kakao and private equity fund MBK ners have submitted letters of intent to buy the holding company NXC Corp., one of South Korea’s biggest deals, a source familiar with the matter said.

A Nexon spokesman declined to comment. Amazon, Comcast, and Electronic Arts not immediately respond to e-mail requests for comment.

Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Muralikumar Anantharaman

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