Nexon eyes more acquisitions to grow in North American market

October 27
11:43 PM 2013

Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US. This year, the maker of MapleStory and Combat Arms had acquired a fifth company. It had also taken stakes in four firms earlier.

Nexon Chief Financial Officer Owen Mahoney told Bloomberg that the firm was looking to get its share in the North American market. Consumers were turning to free online games from dedicated consoles combined with packaged titles. He said they were looking developers to add titles for their customers in the West. The company would try to attract online users who would pay to add games.

Nexon has already forged a partnership with China-based Tencent Holdings. China comprised 42% of the company's second quarter revenues while Japan accounted for 26%. Sales in North America, meanwhile, accounted for just 3.9% in the same period.

Mahoney said, "We are always on the lookout for smart, good developers, especially those in the West who have great art style, great physics and capability that is tuned and made for Western tastes."

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics