Tencent, Kakao among bidders shortlisted for South Korean gaming firm Nexon

Chinese tech goliath Tencent and South Korea’s greatest chat operator Kakao Corp are among five bidders shortlisted to purchase South Korean gaming firm Nexon, the Korea Economic Daily paper wrote about Monday.

The paper said NXC Corp, the holding firm which controls Nexon, additionally had shortlisted private equity firms Bain Capital and MBK Partners, just as a unidentified private equity firm.

South Korean publisher Netmarble Corp was not offered to join the preliminary bidding, yet formed a consortium with MBK Partners to offer for Nexon, as per the report which refered to venture banking sources.

The deal could worth as much as 15 trillion won ($13.3 billion) and the formal offer procedure was set to happen toward the beginning of April, it included.

Nexon founder Kim Jung-ju has been investigating a sale of a 98.64 percent stake in NXC Corp that is held by him and related parties including his wife.

MBK Partners declined to remark on the report while Tencent, Kakao, Netmarble and Bain Capital were not promptly accessible for comment.