Chinese technology giant Tencent is considering the acquisition of the South Korean company NXC Corp., which owns a legend of the game business Nexon, according to Reuters. This transaction will also affect the cryptocurrency world.
According to informed sources, the founder of NXC Corp Kim Yun Yu plans to sell a controlling stake (98,64%), the cost of which may reach 10 trillion won ($8.9 billion). The publication claims that the sale will be in charge of Deutsche Bank and Morgan Stanley.
It is noteworthy that in the fall of 2017 Nexon acquired 65,19% stake in South Korean cryptocurrency exchange Korbit. Then the transaction value is estimated at $80 million, and investment rating of the trading platform grew to $150 million.
This South Korean giant did not stop and already in October of 2018 took the deal to buy a stake in European exchange Bitstamp through the Belgian division NXMH.
Note that Tencent and NXC refused to comment, however, if the deal goes through, the Chinese company will establish control over the two major bitcoin exchanges.