Nexon transforming Korean dev into global company with increased investment
Seoul-based Nexon will increase its stake in JC Entertainment and become its largest shareholder, as its looks to transform the Korean developer into a global company.
publisher will increase its stake in JCE to 22.34 percent -- last October, it purchased a 16.34 percent stake for $54 million
. Nexon says it can expand the reach of JCE's games with its "business strengths, live service, and experience with platforms around the world."
JCE, which also has offices in China and Japan, is best known for its Freestyle
line of street sports MMOs. Its other free-to-play titles include MMOs Warbible
, and smartphone games like Rule the Sky
and Aeronauts: Quake in the Sky