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SEOUL (Reuters) – Nexon Co (3659.T), the founder, Jungju Kim, has canceled his intention to sell a majority stake in the parent company of the South Korean gaming company, told Reuters Monday an informed source of the file.
"I do not choose a preferred bidder in light of market conditions and others," he said in an email sent to bidders, including Netmarble (251270.KS), Kakao (035720.KS) and MBK Partners, reported the South Korean newspaper Joongang Ilbo.
Nexon has not had any immediate comments.
Report by Heekyong Yang and Hyunjoo Jin; Edited by Himani Sarkar
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