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Nexon transforming Korean dev into global company with increased investment
Nexon transforming Korean dev into global company with increased investment
March 1, 2012 | By Eric Caoili

Newsbrief: 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.

The MapleStory 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 Redmoon, and smartphone games like Rule the Sky and Aeronauts: Quake in the Sky.

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